Arm climbs 25% in Nasdaq debut after pricing IPO at $51 a share
Publishing timestamp: 2023-09-14 16:02:14
Summary
Arm Holdings, a chip design company controlled by SoftBank, saw a 25% jump in its stock price on its first day of trading on Nasdaq. The company is valued at nearly $60 billion and has a strong business model focused on royalty growth. Arm's technology is widely used in the chip industry, and its IPO could potentially open up the market for technology offerings.
Sentiment: MIXED
Tickers: 9984.T-JP, GOOG, SFTU-FF, GOOGL, AAPL, ARM?QSEARCHTERM=ARM, NVDA, 2330-TW,
Keywords: taiwan semiconductor manufacturing co ltd, alphabet inc, nvidia corp, masayoshi son, breaking news: technology, softbank group corp, arm holdings plc, apple inc, breaking news: markets, business news, technology, breaking news, alphabet class c, ipo,
Source: https://www.cnbc.com/2023/09/14/arm-ipo-arm-starts-trading-on-the-nasdaq-in-win-for-softbank.html