I dont twist things to my narrative I just stick to my guns and pump out facts. ARM as you agreed was a member of the LSE from1998 to 2016 up until the takeover by SoftBank which you have agreed with. Now the sentence I used may not have been the best crafted but it is totally accurate to state as did many of the news outlets that this was a case of Nasdaq winning at the expense of the LSE.
I have just done a quick search “is Nadasq winning at the expense of London, ” which returned no results. I then opened Windows and asked the same question and this came up “I’m not sure what you mean by “winning at the expense of London with ARM”.
You said “How can we have lost something we never had?” well actually we did have its listing till 2016. In any case the battle was between LSE and Nasdaq now, which as the news outlets were quick to point out was a win for the Nasdaq.
Put Brexit to one side a minute and I’ll ask you the question again. If you were the new owner ARM and you were listing the company for the first time since ownership. Would you list on the most tech heavy exchange, where the main chip makers list or would you gamble and list on an exchange that is very diverse? I know where i’d go if it were my company.
Yes ARM Holdng listed on both exchanges under its previous owner. Under its current owner ARM has not listed for 7yrs, so it can be seen factualy correct we have not gained or Lost anything.
“SoftBank founder Masayoshi Son said the Nasdaq remained his “favourite” for now, Son told the annual meeting of SoftBank shareholders in Tokyo when asked where he planned to list Arm.
He added that most of the chip designer’s customers were in Silicon Valley and that “stock markets in the US would also love and be best for Arm”.” June 2022.
I don’t know how much you actually know about SoftBank in general. However SoftBank has financial troubles aren’t over, so it might not end up the golden egg you visioned!
SoftBank has said
A successful offering at a targeted valuation of at least $50bn would be important to boost SoftBank’s finances after its Vision Fund reported a historic annual investment loss of ¥3.5tn ($27bn) last month
Reflecting these pressures, rating agency Moody’s has cut SoftBank’s credit outlook from “stable” to “negative”, citing a drop in the value of its portfolio and estimating that SoftBank’s leverage has increased.
Moody’s said the collapse of Arm’s sale to Nvidia “showcases the challenges around quickly realising full value for such stakes”. It added that SoftBank’s plans to list Arm “face execution risk in the timing and valuation”.
In contrast to a sombre earnings presentation in May, during which Son outlined a shift to a more defensive posture, on Friday the SoftBank chair sought to project confidence.
“I have never, since the start of my company, been in doubt even for one day that the information revolution will come,” said Son.
To illustrate the point, he presented slides showing SoftBank’s portfollio growth mirroring the rise in internet traffic over the years and predicted that the trend would continue.
“I believe in the vision of future progress and that’s what I invest in . . . it will come for sure,” Son said.
SoftBank group shares have fallen by around a third since last year’s annual meeting, but Son urged shareholders to take the long view:
“Peaches and chestnuts take three years and persimmons take eight years, even fruit takes that long,” he said, quoting a Japanese proverb. “I’m confident if you wait five to 10 years there will be something delicious.”
Perhaps this explains why they wanted to sell ARM to Nivada. However I am a strong believer that the UK government should have purchased ARM Holdings in 2016. It has nearly 95% monopoly on what it does.