SoftBank Group Corp’s Masayoshi Son reiterated the Japanese conglomerate was most likely to list the British-based chip designer Arm on Nasdaq.
Most of Arm’s clients are based in Silicon Valley and stock markets in the U.S. would love to have Armed, he said. Son did not say whether the conglomerate is considering a secondary listing for Arm there.
Arm is an important source of capital for SoftBank, which has borrowed $8 billion against the unit’s shares, in addition to procuring $13.2 billion using shares in Chinese e-commerce giant Alibaba Group Holding Ltd in prepaid forward contracts.
More than 40 years after founding the company, Son asserted his continuing fitness for his role as one of Japan’s highest-profile business leaders, joking that even if he can no longer drive as far on the golf course, he still isn’t losing games.