Briefing
markets

Arm Stock Price Pops By Nearly One-Quarter After First Trading Day

By
Cory Weinberg
· · Source: The Information

The share price Arm Holdings ended Thursday at $63.59, up nearly 25% above the initial public offering price, a strong early sign for the tech listing market overall. The litany of bankers and executives trying to ensure a smooth deal appeared to largely do their jobs. Gains on the first day of trading allowed investors who bought into the IPO to generate a quick profit, likely increasing...

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