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Arm delivers blow to London markets as more listings head to US
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Some of Europe’s biggest companies are turning toward the US to list shares as they seek to fuel growth and attract a bigger pool of investors and acquisition targets — a blow to London’s stature as Europe’s preeminent financial centre post-Brexit.
Those leading the trend include SoftBank Group’s Arm. The Japanese conglomerate is eying a sole public listing of the UK chip giant in New York, perhaps later this year, according to people familiar with the matter.
Many...
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