Fresh blow for the City of London as British Apple supplier snubs LSE
The London Stock Exchange has suffered a new blow after the British microchip company Imagination Technologies snubbed the City in favour of a Wall Street IPO.Imagination has confidentially registered to go public in New York, six years after it was taken off the London Stock Exchange and sold to a Chinese-backed fund, the Telegraph can reveal.Preparations to go public come after the microchip giant Arm pulled off a $54bn (£43bn) float last week, after opting for New York’s Nasdaq exchange over London.Imagination is likely to be valued well above the...
