Owner of UK chip designer Arm says London still in running for flotation

CEO of SoftBank Group Masayoshi Son has been lobbied to bring public offering to the UK but says Nasdaq still his main preference'

The Japanese owner of the British chip designer Arm has said London is still in the running for the company's upcoming stock market listing, after intensive lobbying to bring the initial public offering to the UK.

The chairman and chief executive of SoftBank Group, Masayoshi Son, told shareholders at the investment giant's annual meeting that the US's tech-focused Nasdaq stock exchange was still his main preference".