SoftBank adjusting plans to additional London listing for unit IPO

Still in: The London skyline. Arm, once one of the UK’s top technology companies before the purchase, still has the majority of its operations in the city. — Bloomberg

SAN FRANCISCO: SoftBank Group Corp is planning to list some of its stake in chip designer Arm Ltd on the London Stock Exchange, switching from an earlier plan to only use the United States market, according to people familiar with the matter.

The Japanese company is adjusting plans for an initial public offering (IPO) of its chip technology division and will likely still list the majority of what it offers for trading on US exchanges, according to the people, who asked not to be identified because the matter hasn’t been made public.