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ARM not discussed share transfer plans with Arm shareholders and regulators

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According to the latest report, Arm headquarters in the United Kingdom has not discussed share transfers with other shareholders of Arm Technology or relevant regulatory agencies to speed up the IPO (valuation may reach 60 billion US dollars) plans, The main concern is that investors’ confidence in Arm’s possible future listing will be shaken.

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Moreover, Arm’s current owner, SoftBank, hopes that the IPO will be carried out before the end of March 2023, which means that Arm needs to complete the audit between June and September this year according to the listing procedure.

It is unclear whether the equity transfer was approved by Wu Xiongang, chairman and general manager of Arm Technology (China) Co., Ltd. According to Caixin.com, as of now, the registered place of Anmou Technology has not changed the name of the legal representative of Anmou Technology at the request of Arm. The local court has also yet to hold a hearing on whether Wu Xiongang can continue to run the joint venture.

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