Arm maintaining its lofty US valuation will be indicator for London IPO revival

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City AM

By Jess Jones Shares in Softbank’s Arm have taken flight, surging nearly 25 per cent above their Nasdaq debut price, marking a triumphant return to the public markets after a seven-year hiatus for the chip designer. A loud reception has bolstered market experts’ optimism for beleaguered IPOs, which has faced substantial headaches in recent years, such as rising interest rates and geopolitical tensions. But it also raises questions about London’s ability to attract high-profile listings following a string of departures from the capital. The initial public offering (IPO), initially priced at $51…

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