SoftBank halts plans for Arm's London IPO: report

SoftBank halts plans for Arm's London IPO: report

SoftBank Group, whose CEO is Masayoshi Son, is seeking to sell British chip design company Arm. (Photo by Kei Higuchi)

SoftBank has put on hold plans for a London initial public offering of the British chip technology firm Arm Ltd because of the political turmoil in the UK government, the Financial Times reported on Monday.