SoftBank Group is planning to list some of its stake in chip designer Arm on the London Stock Exchange, switching from an earlier plan to only use the U.S. market, according to people familiar with the matter.

The Japanese company is adjusting plans for an initial public offering of its chip technology division and will likely still list the majority of what it offers for trading on U.S. exchanges, according to the people, who asked not to be identified because the matter hasn’t been made public. The size and timing of the sale hasn’t been finalized and plans for the listing still may change, according to the people.

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