ARM ponders quitting its listing on Nasdaq.

Financial News, November, 2003

The silicon chip designer ARM is considering abandoning its US share listing on the technology-led Nasdaq index because of the cost of being quoted on two separate exchanges.Warren East, the chief executive of the FTSE 250 company, said the costs of a dual listing were 50% greater than if ARM were only quoted on one market. East said one of the effects of a US listing was ARM had the additional expense of quarterly reporting.

Although 40% of ARM's shares are held by US investors, the vast bulk of trading in its stock by US shareholders is carried out through the London market, East said. This was one reasons why it was considering giving up its Nasdaq listing.