Softbank plans to re list arm in the United States and return to NASDAQ at the end of next year at the earliest

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 Softbank plans to re list arm in the United States and return to NASDAQ at the end of next year at the earliest


Softbank privatized arm in its $30 billion acquisition in 2016, triggering a global investment boom. Arm dominates the global smartphone chip design market and is now entering the server and notebook computer markets. Its silicon chip design is favored for its excellent energy efficiency.

Softbank has previously publicly said it aims to relist arm in 2023, but has never specified where it will go. Arms re listing is said to be accelerating as the group tries to recover quickly from an annual loss of $13bn.

As a private company, arm has always been able to invest more profits in growth and could return to the stock market as soon as the end of next year, the source said. Softbank shareholders said arms listing process is likely to accelerate so that they can advance the asset sale program.

However, an arm spokesman said, Softbanks previously communicated listing schedule remains unchanged.. A Softbank spokesman declined to comment.

Softbank is likely to monetize arms high growth phase by going public, as 5gs progress will boost demand for Smartphone chips and make its revenue outlook very favorable, equity research analysts said.

For Softbank, listing arm in such a high growth environment could be an attractive option, analysts said. Almost all other major global semiconductor companies are listed on Nasdaq, so Softbanks choice is a logical decision. (small)

Source: Qiao JunJing, editor in charge of Netease science and Technology Report_ NBJ11279