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The suspension follows the resignations, in the recent political upheavals, of the two ministers who had been working with Softbank to arrange for the dual listing.
Boris Johnson had been personally lobbying Softbank owner Masayoshi Son to persuade him to have at least part of the IPO in the UK, reports the FT.
It is reported that UK officials are considering whether national security is an issue which could force a dual listing.
Last time it was ARM. This time it’s Arm 🙂
Still calling it an IPO despite there being nothing “initial” about it? ARM had its IPO in the late ‘90s with dual listing on the LSE and Nasdaq. Tonight, I might lose my virginity for the second time ;O)