BRITISH chipmaker Arm has delayed its plans for an initial public offering this year as markets are roiled by recessionary fears and soaring inflation.
Japanese investment giant
However, the plans have now been put on ice with the market in turmoil and publicly listed tech firms suffering sharp falls in valuations.
"Given the state of the financial markets, it is unlikely that Arm will list in Q1 of 2023," a spokesperson told City A.M.
"However, we are well advanced in our IPO readiness process and we remain fully committed to a 2023 listing."
Bosses at the investor have been on the receiving end of a major charm offensive from ministers and
A snub would be seen as a blow to
(c) 2022 City A.M., source