ARM Holdings reported another new record number of chip shipments for the past quarter, while the will-they-won't-they debate rolls on over whether parent Softbank will re-list the company in London or decide on a move to New York.
With London Stock Market and government officials making last-ditch attempts to get the semiconductor designer to return to its original stock market home in the UK, over the weekend it was reported that rules could be bent to try and secure the US$40bn (£34bn) listing.
It was thought that there might be an announcement on the IPO alongside today's results but there was only financial news in the company's statement, which showed third-quarter revenue up 28% year-on-year to US$746mln as a record 8bn ARM chips were shipped.
A spokesman for ARM said IPO preparations are "well advanced" and it "remains fully committed to listing in calendar 2023".
Adjusted EBITDA at $450mln, up from US$326mln in the second quarter and US$414mln in the first.
In order to try and secure a dual listing on the London Stock Exchange alongside New York’s Nasdaq, UK officials are reported in the Sunday Times to have offered to ease the rules on related party transactions so that it is not required to report on all dealings with its Japanese owner or any of SoftBank's many investees.