RISHI SUNAK's move to restart efforts to woo Arm into a London listing were yesterday cheered by a top tech chief, who said winning the chipmaker's listing would be a "significant vote of confidence in the UK market".

Sunak reportedly met with Arm's chief Rene Haas last month in a bid to secure London a role in the Cambridgebased firm's much anticipated shift onto the public markets, the Financial Times reported.

Boris Johnson's government desperately tried to charm Arm and its owner, Japanese investment giant Softbank, in a bid to tempt the firm into a 'home' listing in London. But discussions were reportedly scuppered by his resignation.

However, sources told the Financial

Times that Sunak's meeting with Haas were "very constructive".

Softbank chief Masayoshi Son has publicly favoured a New York listing, but a dual listing could also reportedly be under consideration.

Tech Nation chief Gerard Grech yesterday cheered the news. "To have a listing in London would be seen as a significant vote of confidence in the UK market," he said yesterday.

(c) 2023 City A.M., source Newspaper