Nvidia expresses interest in SoftBank's chip company Arm Holdings: Bloomberg News

I am afraid it might be too soon to hope for that. The IPO plan has been hit by legal battle over ARM's China unit. The head of the joint venture, Allen Wu has launched a third legal case against Arm China according to a court filing obtained by the Financial Times. There is a power struggle going on and may jeopardize SoftBank chief Masayoshi Son's plan for Arm to be listed on New York's Nasdaq. Arm warned last month that it was unable to verify Arm China's revenues due to the dispute. Arm has been unable to dislodge Wu since June 2020 when he desregarded a 7-1 vote by ARm China's board to remove him. Tudor Brown, who cofounded ARm in 1990 said You cannot do an IPO when 20 per cent of the company's revenues are not auditable. News from the Financial Times. I hope the court and authorities in China can resolve the struggle quickly and the IPO can go ahead.

 

OK I see, thanks for this insider info, interesting to read.