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Arm IPO endangered by China unit’s legal issues

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Arms plan for an IPO may already be in trouble before it’s even started,
as a long-running dispute with its division in China could endanger
Softbank’s offloading of the chip firm.

Following the failure of a $66 billion acquisition of Arm by Nvidia,
owner Softbank intends to spin it off as an independent entity, and list
it on the New York Stock Exchange later in 2022. However, problems
relating to its unit in China could derail the potential IPO.Management
issues with its Chinese division, including legal activity and a lack of
transparency, are causing friction that could put off investors, reports
the Financial Times. …

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