London Stock Market Revival Falls Flat as Arm Flees for IPO to New York

The decision by British chip designer Arm Ltd to sell shares in New York over London has raised concerns over the weakening position of the London Stock Exchange and the overall relevance of the UK market, which has seen a decline in listings and market capitalization weights of British stocks in global indexes. The UK market is exploring potential changes to IPO rules to stimulate deal-making, including greater founder control and a sponsorship model that offers a single point of contact with the UK government. However, some believe that building an ecosystem of investors and analysts that fully value UK listings, along with better education of issuers and shareholders, is crucial for the market's reputation and growth potential.

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8/22/2023

Arm files for IPO, Microsoft alters Activision deal - what's moving markets By Investing.com

Arm, the chip designer owned by Softbank, has filed for an IPO on the Nasdaq, with the valuation yet to be specified, while tech stocks remain resilient despite surging bond yields, and Microsoft restructures its mega-merger with Activision Blizzard to secure approval from UK regulators.

8/23/2023

Startup World Looks On As Arm And Instacart Set To Test Waters Of IPO Market

The tech IPO market may be reawakening after a two-year lull, with Arm Holdings and Instacart expected to go public and test investor appetite for technology IPOs, although the bar for startups has become higher since 2021, leading to fewer IPOs and a need for companies to show profitability within six quarters of listing.

8/24/2023

Business

Arm, the British chip designer, has published a prospectus for its IPO on the Nasdaq exchange next month, with an expected valuation of $60bn to $70bn, attracting interest from tech giants such as Amazon, Apple, and Nvidia.

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Posted 8/22/2023, 7:01:16 AM