New York Pushes London Aside in Battle of Financial Centers.

Keywords: wsjcorp; Semiconductors; Industrial Electronics; Industrial Goods; Technology; Corporate/Industrial News; SYND; WSJ-PRO-WSJ.com; CRH; CRG.DB EN wsjcorp Semiconductors Industrial Electronics Industrial Goods Technology Corporate/Industrial News SYND WSJ-PRO-WSJ.com CRH CRG.DB N.PAG N.PAG 1 03/08/23 20230304 NES 230304 British chip designer Arm spurns the U.K., attracted by the scale and robust liquidity of U.S. markets Graph: SoftBank CEO Masayoshi Son has been talking up Arm. The U.K. government and the LSE have proposed changes to listing rules and other measures it hopes will reinvigorate investor interest in U.K. markets. Arm also will continue to house its material intellectual property in the U.K. Mr. Haas said Arm would also consider a subsequent secondary listing in the U.K. "We will continue to invest and play a significant role in the British tech ecosystem", he said. [Extracted from the article]