Government fears damage of losing out to New York in battle to attract tech floatations
Boris Johnson has joined the lobbying effort to convince the British-based chip designer Arm to float in London, as the government fears the damage of losing out to New York in the battle to attract high-profile tech companies looking to list.
After the collapse of the $66bn sale of the Cambridge-based business to US-based Nvidia earlier this year, Masayoshi Son, the chief executive of Arm’s Japanese parent company Softbank, immediately snubbed the UK for a flotation.
