[ianch99]

Seems the owners of ARM are reading the Brexit room:

https://www.telegraph.co.uk/business...ck-market-arm/
https://www.standard.co.uk/news/poli...-b1078116.html

The “idiocy” of Brexit is partially to blame for one of the UK's largest tech firms choosing to list on the New York Stock Exchange over London, it was warned on Tuesday.

Hermann Hauser, who pioneered ARM’s technology whilst at Acorn computers, said the City's reputation had "suffered a lot" since Britain left the European Union.

Cambridge-based software company ARM is hoping to raise $10billion with its initial public offering (IPO), an amount he believes would not be possible in Britain.

The firm on Saturday filed with regulators confidentially for a US market listing, setting the stage for this year's largest stock offering.

When asked why the company was being listed in New York over London, Mr Hauser told BBC Radio 4: "The fact is that New York is a much deeper market than London, partially because of the the Brexit idiocy the image of the London Stock Exchange has suffered a lot in the international community."

ARM is a strategic technology in Cloud Based Computing due to it lower power consumption so this is a significant move. Others will be watching ...