(Reuters) - Shares in SoftBank's Arm Holdings ARM.O opened 18% above their offer price in their Nasdaq debut on Thursday, valuing the British chip ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Shares in SoftBank's Arm Holdings ARM.O opened 18% above their offer price in their Nasdaq debut on Thursday, valuing the British chip designer at nearly $60 billion in its return to the public markets after seven years.
"This pop can get people more excited about the IPO market for the rest of this year and going into 2024. That said, it is better to get the full picture of the trading for the whole day."“The deal was priced within its range which tells me that investors are price sensitive and boards and investment banks are showing a little bit of humility.”
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