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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

#121

Post by quickthrower2 »

masklinn wrote: post #32
ricardobayes wrote: post #22

Earlier quoted context omitted.

The business enviroment is a lot better in the US, a friend just started a company there, got an unsecured 80k line of credit at 1.5% on a fresh LLC. This kind of thing doesn't exist in the UK. I know people who couldn't even get a 5k overdraft after 2 years in business (and profitable).

Sounds like English banking has not changed much from 20 years ago, when I needed to spend 3 months in the UK, had to have a uk bank account to rent a flat, but needed an English residence to open a bank account.

And if it is a high demand area you need to look more spanky than all the other applicants: great jobs, rental references, no kids/pets, older couple prefered of sharers. In London you also need to make an offer on the spot.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#122

Post by quickthrower2 »

drexlspivey wrote: post #86
ricardobayes wrote: post #22

Earlier quoted context omitted.

The business enviroment is a lot better in the US, a friend just started a company there, got an unsecured 80k line of credit at 1.5% on a fresh LLC. This kind of thing doesn't exist in the UK. I know people who couldn't even get a 5k overdraft after 2 years in business (and profitable).

Why would anyone lend to a new business at 1.5% when they can get 5% risk free ?

There has to be a catch. Maybe a teaser rate?

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#123

Post by iamflimflam1 »

fact_check wrote: post #105
DaiPlusPlus wrote: post #88

Earlier quoted context omitted.

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.…

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Re: Arm Announces Public Filing for Proposed Initial Public Offering

#124

Post by sentinalien »

tchaffee wrote: post #60
sofixa wrote: post #52

Earlier quoted context omitted.

Uncompetitive compared to?

Compared to the US. Dan Abramov who works for Facebook and is one of the primary engineers of the hugely popular React framework makes less than one of my junior engineers.

They're fairly competitive compared to the rest of the world. He is also working for a US company who could pay him more if they really wanted to. US salaries are high because the US has a glut of engineering jobs and is also a difficult place to immigrate to (generally requires you to have family ties or a job offer which is not easy to obtain when you might not be granted a work visa and won't realistically be able to start for about 6 months). If the US ever adopted a more lax immigration system in line with the UK, Canada, the EU etc I would expect US engineering salaries to drop.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#125

Post by glimshe »

nelsonic wrote: post #92
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.

Two reasons: NASDAQ values Tech higher than LSE and inclusion in the Nasdaq-100 will mean funds/indexes have to buy in which will boost the share price. This is the smart choice for Masayoshi Son to maximise ROI.

Masayoshi Son is desperately needing to make some smart choices after making some of the biggest investment blunders in history through the Vision Fund... I agree this one is the way to play it safe with what could be the best investment in his life.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#126

Post by pjc50 »

paganel wrote: post #64
pjc50 wrote: post #57

Earlier quoted context omitted.

Goes all the way back to https://en.wikipedia.org/wiki/The_Two_Cultures and beyond. The UK has a great engineering tradition, especially from the Victorian and Empire eras, all the way up to WW2, but it seems that after that there was a dramatic and incredibly short sighted turn to economisation and avoiding investment. The absolute poster child for this was the UK space programme, which was cancelled just before the…

I'm not British, but it is my understanding that after WW1 and WW2 the money had just dried up when it came to capital-intensive projects. I've just finished reading a book [1] that explicitly mentions the lack of available money as a reason for the Brits having to give up their Sea Power status just after WW2. [1] https://www.amazon.com/Seapower-States-Maritime-Continental-...

This was certainly a real problem, as was the whole IMF rescue business in the 70s, but not across the whole postwar period. More could have been done with the oil wealth than turn it into a real estate boom, for example.

Realistically the UK gave up sea power status sometime during WW2 when we were massively outbuilt by the US, and the collapse of imperialism as a ""business model"" took care of the rest by making us fall back on our own resources rather than simply taking them.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#127

Post by NickC25 »

puzzlingcaptcha wrote: post #55
moconnor wrote: post #48

Earlier quoted context omitted.

The "risks" section is pretty interesting, e.g.: "Arm China is 25% of our revenue, but we have no control over them, they have failed to pay us in the past resulting in us taking on additional costs to recover the money, also we have no way of knowing what they actually owe us and other than what they say, which has already been a problem"

The "ARM China going rogue" story is so weird. Although supposedly Softbank restored control last year? [1] So I don't know where things stand at the moment. https://asia.nikkei.com/Spotlight/Caixin/In-Depth-How-SoftBa...

the article says that Wu is effectively still on the job, and Wu's own LinkedIn page claims he's still the boss there.

Having myself been part of a joint venture with the Chinese (in the education space), and having a Chinese employee go rogue, I only advise against western firms (even large ones with clout) from engaging in such ventures. The Chinese will take control by any means necessary and bleed you dry from the inside.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#128

Post by Fluorescence »

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? :^)

Nah, the OP is talking bollocks. The angels I know are all middle/working-class entrepreneurs. There is no upper-class conspiracy holding people back, there just isn't much money. Non-Brits don't really understand that class is not money. Red trousers are closer to farmers than businessmen. If you are British and want to be a tech investor, you go to the US too.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#129

Post by DaiPlusPlus »

Tijdreiziger wrote: post #84
dom96 wrote: post #68

Earlier quoted context omitted.

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.

And what about long-term illness? If he fell ill for 1+ year, would his salary and healthcare be guaranteed or would he go bankrupt?

All US employers I've worked for included disability and long-term injury insurance as standard benefits, in addition to always offering the best-tier health-plans (from non-profit insurers too). Unemployment insurance is another (legally mandatory) benefit that outshines whatever I'd get in the UK because it isn't considered a public-benefit (i.e. it's not the state or Feds paying it ("welfare" as yanks call it), it's still a insurance pool model where the payouts are proportional to your salary and not some arbitrary income limit the DWP set for the year, nor is means-tested or requires me to use-up my savings first - so in WA ( https://esd.wa.gov/unemployment/calculate-your-benefit ) I'd be getting about $4k/mo for 6 months, for comparison I quickly ran the numbers on benefits-calculator.turn2us.org.uk (there's no official UK calculator, wat) just now and got... £300/mo - and that's only after I exhaust all my savings first. (To be fair, I could just purchase private unemployment insurance in the UK too, except I'd be paying for it myself out-of-pocket (though it might be a tax-deductible expense?) whereas in WA employers are required to pay into it at no cost to the employee, IIRC).

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#130

Post by NickC25 »

moconnor wrote: post #76
user20230822 wrote: post #53

Earlier quoted context omitted.

How do they manage IP if they have no control over them? I see a pretty big issue

According to the filing they have extremely limited ability to influence them and yeah it is a big issue.

Which is terrifying - ARM's biggest risk in that regard is that ARM China can effectively shoot itself in the foot in the name of Chinese strategic/geopolitical/technological interests, and all their Chinese employees will have absolutely nothing to worry about.
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