AGL 38.50 Increased By ▲ 0.93 (2.48%)
AIRLINK 131.50 Decreased By ▼ -1.00 (-0.75%)
BOP 5.60 Decreased By ▼ -0.04 (-0.71%)
CNERGY 3.84 Increased By ▲ 0.07 (1.86%)
DCL 8.63 Decreased By ▼ -0.24 (-2.71%)
DFML 40.80 Decreased By ▼ -0.20 (-0.49%)
DGKC 89.10 Decreased By ▼ -1.06 (-1.18%)
FCCL 35.28 Increased By ▲ 0.20 (0.57%)
FFBL 66.45 Decreased By ▼ -0.05 (-0.08%)
FFL 10.45 Increased By ▲ 0.30 (2.96%)
HUBC 109.80 Increased By ▲ 3.40 (3.2%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.82 Decreased By ▼ -0.04 (-0.82%)
KOSM 7.05 Increased By ▲ 0.20 (2.92%)
MLCF 42.35 Increased By ▲ 0.55 (1.32%)
NBP 59.06 Increased By ▲ 0.48 (0.82%)
OGDC 183.78 Increased By ▲ 2.53 (1.4%)
PAEL 25.55 Decreased By ▼ -0.15 (-0.58%)
PIBTL 5.90 Increased By ▲ 0.07 (1.2%)
PPL 147.32 Decreased By ▼ -1.08 (-0.73%)
PRL 23.54 Increased By ▲ 0.32 (1.38%)
PTC 16.63 Increased By ▲ 1.39 (9.12%)
SEARL 69.40 Increased By ▲ 0.61 (0.89%)
TELE 7.21 Decreased By ▼ -0.03 (-0.41%)
TOMCL 35.70 Decreased By ▼ -0.30 (-0.83%)
TPLP 7.51 Increased By ▲ 0.11 (1.49%)
TREET 14.15 Decreased By ▼ -0.09 (-0.63%)
TRG 50.75 Decreased By ▼ -0.10 (-0.2%)
UNITY 26.87 Increased By ▲ 0.47 (1.78%)
WTL 1.22 Increased By ▲ 0.01 (0.83%)
BR100 9,810 Increased By 42.5 (0.43%)
BR30 29,784 Increased By 384.5 (1.31%)
KSE100 92,289 Increased By 350.7 (0.38%)
KSE30 28,821 Increased By 77.4 (0.27%)

The London Stock Exchange (LSE) Group Plc is lobbying for a UK listing of SoftBank-owned chip technology firm Arm Ltd, Bloomberg News reported on Thursday, citing the bourse’s Chief Executive Officer Julia Hoggett.

SoftBank has put on hold plans for a London initial public offering (IPO) for Arm - which supplies intellectual property in chips that power most of the world’s smartphones - because of the political turmoil in the UK government, the Financial Times reported on Monday.

Hoggett said that there is a “very compelling” case for Arm to have a dual primary listing in the UK, according to the Bloomberg report.

SoftBank’s billionaire founder, Masayoshi Son, had told shareholders in June that he was in favor of a U.S. listing as most of British-based chip designer’s clients are based there.

SoftBank acquired Cambridge, England-based Arm for $32 billion in 2016.

LSE and SoftBank did not immediately respond to Reuters requests for comment.

Thomson Reuters, the parent company of Reuters News, holds a minority stake in the London Stock Exchange Group following the exchange’s deal with Refinitiv.

Comments

Comments are closed.