The 'crown jewel' of the UK tech sector says it will only pursue a US listing this year.
British microchip designer Arm says it will not pursue a London stock exchange listing this year.
Arm's decision not to pursue a listing on the London Stock Exchange this year has raised concerns that the UK market is not doing enough to attract tech company stock offerings, with US exchanges seen to offer higher profiles and valuations.he would probably look to the tech-heavy Nasdaq exchange for a potential Arm listing.
"Arm is proud of its British heritage, and continues to work with the British Government," he said. "We will continue to invest and play a significant role in the British tech ecosystem." Its chip design instructions and technologies are used by manufacturers like the Taiwan Semiconductor Manufacturing Company and companies like Apple and Samsung to construct their own processors., the company has shipped more than 250 billion Arm-based chips to date, and reported revenue up 28% on the same period last year.as competition regulators in the UK, US and Europe probed whether the deal would push up chip prices and reduce choice.
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