>I don't understand why Softbank won't just put it back to the public market and list on the LSE.

Softbank is a grossly mismanaged shitshow fueled by an endless money well of Saudi money.

Don't expect it to be behaving rationally.

This actually seems rational to me. They grossly overpaid for ARM, and selling it on the public market may well end up being another huge and embarrassing write-down. On the private market, though, they had a shot at finding a buyer to whom ARM was worth more than its value as an independent company.

Of course, given the kind of company that ARM is, any such buyer is going to be, almost by definition, an antitrust situation. So maybe it never could get past regulators. But, from a purely self-interested standpoint, it makes sense for them to try.

Good Lord, that's a great idea. They'd be able to sell the shares in no time. Soon as it hits public I'm sure a ton of folks who just invest in everything semiconductor would just jump in.

I've been avoiding SoftBank because they've got so many other risky ventures, putting money in company at large seems kinda volatile.

I've been checking the semi conductor space. What semi companies aren't overvalued with a decent P/E ratio right now? Was thinking to just take an ETF like SMH[1], but wondering if there were a better choice. TSMC, Applied Materials, ASML, Nvidia, etc... had crazy run and I'm wondering if they can keep growing that much in the next years.

[1] https://www.vaneck.com/etf/equity/smh/holdings/

Intel is still rather undervalued. PE of 11, huge amounts of cashflow, one big chip win and they're back.

Intel just lost all engines in-flight. They're still flying, yes, but gravity will do its thing.

We keep reading this but Intel is not just CPUs... and the CPU are currentky not the best but not that bad either.

Intel is still capacity constrained, no less. I'm not saying they make the best CPUs, my last purchase was an AMD Ryzen, but this idea that their demand will fall of the face of the earth assumes that other fabs have the capacity to pick up the slack which is verifiably untrue. Merely due to their existance they'll have time to turn it around.

Disclamer: long intel, a few thousand shares at $47. not enough to need to pump the stock.

Yeah, Intel needs some major direction changes before I'll be comfortable investing in them.

The proximity of 'lost all engines in flight' and 'major direction changes' in this thread suggests that even if those major direction changes materialize it may not be good news.

In this case the markets seem to have priced in a low probability of Intel getting that big win.

P/E isn't everything. People know those earnings are going to tank very soon.

>I'm sure a ton of folks who just invest in everything semiconductor would just jump in.

I'm sure a ton of folks would just jump in because everyone would be jumping in.

Even better - direct listing on WallStreetBets.

A potential merger with Game Stop?

You can get better money if you sell a strategic asset as a whole rather than throwing it onto the public market & all the red tape, PR and control dilution that entails

ARM is 100% equipped to deal with red tape and PR; it was public until 2016 when SoftBank brought it.

Note quite what I meant.

In this context being private is a huge advantage. Less filings and less shareholders and less publicity gives you a lot more room to manoeuvre.

The problem right now is this strategic asset is so strategic for everyone, Softbank can't sell it to any single entity unless there's some guarantee of ARM's continued independence and impartiality.

2020 was a long year - this was just 6 months ago: https://www.spglobal.com/marketintelligence/en/news-insights...

Absolutely. I really would like to understand why Soft Bank don’t do this. UK gov should do everything it can to encourage.

They will have a hard time to try and convince the public to buy ARM's shares at P/E 100.