In a blow to the London stock market, the firm said in March that it would not list shares in the UK.
British microchip designing giant Arm has filed to sell its shares in the US, setting the stage for what could be the biggest stock market listing this year.In a blow to the UK, the company said in March that it did not plan to list its shares in London.
Its designs are used by chip manufacturers like the Taiwan Semiconductor Manufacturing Company and household brands like Apple and Samsung to build their own processors. Listing a firm on a stock exchange takes it from being a private to a public company, with investors able to buy and sell shares of a company's stock on specific exchanges.
The registration shows that Softbank is pushing ahead with the multi-billion dollar sale despite difficult conditions in the global financial markets.
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