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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

#131

Post by ur-whale »

msy wrote: post #45
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.

The UK has a long intellectual tradition which creates a steady stream of creative and capable engineers. Capital however is predominately held via inherited wealth and its controllers want rentier incomes with low risk. As a consequence there is low appetite for risky new ventures and those that want to undertake them mostly migrate elsewhere. What's left is a stock market dominated by octogenarian+ dianosaurs, a de…

> Capital however is predominately held via inherited wealth and its controllers want rentier incomes with low risk

You just described the capital markets in the entire western Europe, not just the brits.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#132

Post by pjc50 »

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.…

[flagged]

Everyone forgets that ARM's success was built on Sophie Wilson.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#133

Post by LatteLazy »

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.

Unstable currency.

Unstable government.

High tax.

Questionable access to other markets.

Questionable reliability when it comes to international agreements (which is pretty fucking vital to a company like AIM).

It's sad (I'm a londoner) but the UK cannot blame anyone but our selves. We're just going through the national equivalent of a tantrum.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#134

Post by sgerenser »

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?

I don’t know about Facebook, but at other BigTechs we were offered very affordable short and long term disability plans. And if your income is low enough (e.g. laid off or fired), you qualify for ACA health plans with huge subsidies making it almost free.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#135

Post by jkaplowitz »

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?

Facebook very probably has a group long-term disability insurance policy which adequately its employees in that case. Google did when I worked there many years ago. Some supports might also come from Social Security Disability Insurance, Medicare, and loans or withdrawals from retirement accounts that are far better funded at Facebook US than at Facebook UK.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#136

Post by Galanwe »

throw0101b wrote: post #116
Galanwe wrote: post #70

Earlier quoted context omitted.

> Is there more global access to the US market? Does capital flow with less friction to it? Yes, and yes. > What about indexes? If they qualify for NASDAQ or some other major index, there's some "mandatory" investment that gets triggered by a bunch of funds that do index tracking. NASDAQ is an exchange, not an index. The most prominent index on NASDAQ is the QQQ, the top 100 stocks,market cap weighted. But this is th…

> The most prominent index on NASDAQ is the QQQ, the top 100 stocks,market cap weighted. QQQ is an index fund: * https://en.wikipedia.org/wiki/Invesco_QQQ That follows the Nasdaq-100 index: * https://en.wikipedia.org/wiki/Nasdaq-100 There are other funds that track it too from companies other than Invesco.

Right, right, you're 100% correct.

To further explain, in most financial jargon, one often call an index by its (historically) most traded tracking fund. That is, the NASDAQ 100 is often called the QQQ, the S&P 500 is often called "spider" (SPDR), etc.

But you're 100% right, in a comment about vocabulary, jargon has no place.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#137

Post by pjc50 »

hnhg wrote: post #112
pjc50 wrote: post #100

Earlier quoted context omitted.

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…

I would be surprised if many Brits know of ARM as a British success story. Ditto for Raspberry Pi or Deepmind. These things are just not celebrated, it seems.

If you ask people in the street to name a famous living British technologist, they might come up with Tim Berners-Lee or James Dyson, but they are never going to name Sophie Wilson.

(I wonder what answers you would get?)

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#138

Post by klelatti »

I think in many ways Arm is (or should be) a sort of large 'Mittelstand' [1] business. Long term focus, independence, customer focus etc are key to the success of this type of business.

Trouble is, its success and its sector has given it a profile that attracts attention from the likes of Softbank who have other ideas. A company doesn't need to have a Nvidia like P/E ratio to be successful.

[1] https://en.wikipedia.org/wiki/Mittelstand

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#139

Post by DrBazza »

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.

All modern UK governments have been largely indifferent on protecting British industry, and when they do it normally blows up in their faces. It's now a case of 'fool me once, shame on you; fool me twice, shame on me'.

Re: Arm Announces Public Filing for Proposed Initial Public Offering

#140

Post by hnhg »

Fluorescence wrote: post #128
scrlk wrote: post #104

Earlier quoted context omitted.

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.

Thanks for the kind words. I actually agree a lot with what you say, and would just add my personal experiences, and be interested in learning more, but I don't think you established the tone for further conversation here.
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