SoftBank's Son 'studying' Arm's London IPO but US remains favorite

Chairman bets on blockbuster listing after record Vision Fund losses

SoftBank Group CEO Masayoshi Son focused on Arm, the world's dominant provider of semiconductor designs, during the company's annual general meeting of shareholders on June 24. (Screenshot from SBG Youtube)

WATARU SUZUKI, Nikkei staff writer

June 24, 2022 11:55 JST

Updated on June 24, 2022 13:22 JST

TOKYO -- SoftBank Group Chairman and CEO Masayoshi Son on Friday said he is "studying" a London listing for U.K. chip designer Arm, as he bets on a blockbuster initial public offering to revive a slump the group's stock price.

"We have received requests from various people in the U.K. to list our company in London," he told shareholders at SoftBank's annual general meeting. "We are receiving strong love calls. Our main preference is Nasdaq, but we have not decided yet. I would like to study some more and make a final decision."