Arm priced its shares at $51 for its U.S. IPO but it has warned on a number of risks including rising competition from a rival architecture called RISC-V.
A smooth trading debut from the chip designer on Thursday could help revive a weak IPO market and provide a boost for upcoming listings from companies like Instacart and Birkenstock Holding.
The British chip designer is creating a lot of buzz, and not just in terms of the value of its initial public offering, but also about what impact it will have in the AI era.