Rishi Sunak has revived efforts to secure London a role in the planned initial public offering of UK tech group Arm, after months of political turmoil in Westminster derailed an attempt last year.
The UK prime minister met Arm chief executive Rene Haas last month in Downing Street, with Masayoshi Son, the founder of SoftBank, Arm’s Japanese owner, joining via video, according to two people familiar with the matter.
SoftBank has previously indicated that it wants to list Arm, the chip designer that it acquired in 2016 for $32bn, in New York. The renewed London lobbying effort, which includes executives from the London Stock Exchange, is focused on trying to share the listing with New York, according to people briefed on the discussions.
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