£13bn City float?

SoFTBAnK is pondering a listing of its mobile arm on the london Stock Exchange in a bid to raise £13.1bn.

The float would happen at the same time as the Japanese tech giant makes its public debut in Tokyo.

Softbank is planning to sell 30pc of shares to investors, keeping a 70pc stake.

The firm is said to be aiming for an autumn listing in Tokyo. If it does pursue a london listing, it would mean the return of British tech star ARM Holdings to the city’s trading floor.

Cambridge-based ARM, which designs microchips used in most smartphones, was bought by Softbank in 2016 for £24.3bn.

Softbank’s telecoms arm, known as Softbank Corp, is one of Japan’s three main mobile companies.