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Arm Announces Public Filing for Proposed Initial Public Offering

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Re: Arm Announces Public Filing for Proposed Initial Public Offering

#101

Post by bemusedthrow75 »

dom96 wrote: post #68
progbits wrote: post #63

Earlier quoted context omitted.

And when he gets sick gets free healthcare while your junior will go bankrupt. Compensation isn't comparable without comparing external costs and benefits.

And as a FB employee gets private healthcare as a perk and would also get it in the US. The US comp is much higher than the UK's even taking into account healthcare.

But once he/she has a family (or just a pregnant partner) he/she is really handcuffed to the job by that perk, no? The risk of losing that cover makes it very difficult to make sensible life choices.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#103

Post by cowsandmilk »

DrScientist wrote: post #44
DaiPlusPlus wrote: post #14

Earlier quoted context omitted.

> Bit of a downer for the UK to see them list in the US I wonder to what extent the overarching business culture of the UK (which I'd categorise as being generally apathetical, if not hostile, to the engineering profession) might have anything to do with it. (...speaking as a former UK eng myself)

More likely there is just more capital available in the US markets - the Arm listing won't be small. A lot of US funds have restrictions as to how much they can invest outside the US.

> A lot of US funds have restrictions as to how much they can invest outside the US.

I'm not sure that's relevant. ARM is listing American Depository Shares, so this is still usually viewed as an international investment.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#104

Post by scrlk »

hnhg wrote: post #89
Fluorescence wrote: post #73

Earlier quoted context omitted.

> Capital however is predominately held via inherited wealth Curious to see you prove that beyond an imagined stereotype. It's not as though we are in the first generation of US entrepreneurship and there is not a huge quantity of US inherited wealth in those VC funds. The founders of Intel, Apple, Walmart, Standard Oil etc. have all passed on. And on the other side, it's not like there haven't been a dozen generatio…

I cannot prove it, and this is entirely anecdotal, but my friends and I have observed it first-hand from VC dealings and friends in the right UK circles. Inherited generational wealth and class in my experience powers UK investment, particularly in the start-up scene, much more than in the USA. Of course, there are some exceptions I can think of in the UK but it is very much tied up with the class system there and un…

So I need the correct "old boys" school tie and a pair of red trousers to get funded by UK investors? :^)

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#105

Post by fact_check »

DaiPlusPlus wrote: post #88
sapiogram wrote: post #21

Earlier quoted context omitted.

> which I'd categorise as being generally apathetical, if not hostile, to the engineering profession Any chance you could elaborate on this? Arm exists and is British, after all.

As it's 2am here, I'll rattle off assorted bullet-points in no particular order: * The UK's sudden deindustrialisation (1970s-1990s) was inevitable but foreseeable and yet still poorly managed by both political parties, IMHO: my perception is Labour was more interested in propping up whatever heavy-industry remained rather than ease the UK into the future - and as for the Tories... probably best I say nothing there.…

[flagged]

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#106

Post by fidotron »

Thev00d00 wrote: post #5

Bit of a downer for the UK to see them list in the US, I do understand they just want access to the most capital, but I find a shame LSE is not competitive for this kind of thing.

It is worth noting when ARM was public before (starting in 1998) it was listed on Nasdaq and the LSE in order to access US capital.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#107

Post by tchaffee »

zarzavat wrote: post #90
progbits wrote: post #63

Earlier quoted context omitted.

And when he gets sick gets free healthcare while your junior will go bankrupt. Compensation isn't comparable without comparing external costs and benefits.

As much as I like the NHS, it’s pretty shit compared to the healthcare a Facebook employee would get in the US. Wait weeks to see a GP, long waiting times to see a specialist or for treatment, rationing of access to technology like MRIs, and a risk of dying in a hospital car park or corridor, or being killed by an overworked A&E doctor. Don’t get me wrong, the NHS is great, I love that Boris Johnson got more or less…

The one case where your argument fails is very serious illnesses where you can't continue to work. In the US you will end up with worse care.

And let's hope the NHS problems are temporary. When I worked in London and the US ten years ago, I always preferred the NHS because the waiting times were shorter and the quality of care was much higher. I used the NHS a few weeks ago. It wasn't horrible and I got good quality of care within a reasonable time. But it's nothing close to how good it used to be so for the serious part of my care I went to the far better hospital in Brazil covered by my employer provided insurance.

I would guess the NHS will change. Voters are unhappy with the reckless defunding of what used to be a national pride.

The US does provide better care right now if you are rich or privileged enough to have a job that is in demand. But a well funded NHS is a far better system if the political will to get back to that exists.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#108

Post by DaiPlusPlus »

pjc50 wrote: post #100
Fluorescence wrote: post #73

Earlier quoted context omitted.

> Capital however is predominately held via inherited wealth Curious to see you prove that beyond an imagined stereotype. It's not as though we are in the first generation of US entrepreneurship and there is not a huge quantity of US inherited wealth in those VC funds. The founders of Intel, Apple, Walmart, Standard Oil etc. have all passed on. And on the other side, it's not like there haven't been a dozen generatio…

Hmm, maybe it will be fun to go through https://en.wikipedia.org/wiki/List_of_British_billionaires_b... - Dyson: actually an innovator! Made many of the same criticisms of the UK lack of tech strategy. Promoted Brexit, which has made the situation worse by erecting barriers to a key UK market. - Ratcliffe: owns INEOS: oil refineries. Old school engineering? Or just provision of capital? - Hinduja: purchaser of Ashok…

> you know who's NOT on this list? Anyone to do with ARM. Even Hermann Hauser appears to have only £150m net worth)

I wonder if ARM's success, or rather, popularity and market dominanance, is because they (intentionally or otherwise) devalued themselves enough.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#109

Post by DaiPlusPlus »

scrlk wrote: post #104
hnhg wrote: post #89

Earlier quoted context omitted.

I cannot prove it, and this is entirely anecdotal, but my friends and I have observed it first-hand from VC dealings and friends in the right UK circles. Inherited generational wealth and class in my experience powers UK investment, particularly in the start-up scene, much more than in the USA. Of course, there are some exceptions I can think of in the UK but it is very much tied up with the class system there and un…

So I need the correct "old boys" school tie and a pair of red trousers to get funded by UK investors? :^)

Make that knee-high grey shorts, a graze on your knee, and a Prefect following closely behind you with some implement of abuse.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#110

Post by DaiPlusPlus »

bemusedthrow75 wrote: post #98
sapiogram wrote: post #21

Earlier quoted context omitted.

> which I'd categorise as being generally apathetical, if not hostile, to the engineering profession Any chance you could elaborate on this? Arm exists and is British, after all.

> Arm exists and is British, after all. Our current government is indifferent to this.

Not entirely indifferent - they did intervene on national-security grounds in 2021: https://news.sky.com/story/government-intervenes-in-sale-of-...
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