Arm Holdings, one of the UK’s most important technology businesses, is leaning towards listing its business in the UK, the technology minister has told The Times.
The semiconductor business had suggested it was looking to float the business on Wall Street, with a valuation of about $40 billion. This was perceived as a snub to the UK as a place to grow successful technology companies. There are currently only a handful of technology businesses listed on the FTSE 100, London’s top share index.
However, Chris Philp, minister for Technology and the Digital Economy, said the government has had many meetings with the business including speaking to its owner, SoftBank, in order to convince it to remain in the UK.
In an interview at the launch
