SoftBank’s Son Says Still Deciding Where to List Chip Giant Arm

SoftBank Group Corp. hasn’t made a final decision on where to debut chip subsidiary Arm Ltd. though the Nasdaq remained the most likely venue for an initial public offering, Chairman Masayoshi Son said.

The Japanese investment giant is still considering its options and is in talks with bankers and lawyers to float Arm in the US and the UK, Son told shareholders Friday.

SoftBank is weighing the listing of some of its stake in the British chip designer on the London Stock Exchange, switching from an earlier plan to only use the US market, Bloomberg News has reported. ...