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Arm Holdings shares extend declines, down fourth session in a row

Shares of Arm Holdings fell for a fourth straight session on Wednesday after the chip designer's stellar market debut last week, with short seller interest picking up. Grocery delivery app Instacart went public on Tuesday and marketing automation company Klaviyo opened on Wednesday 22.5% above its IPO price. Shares of Instacart, formally known as Maplebear, were last down 5.9% at $31.71.
United States Richard Chang Lance Tupper Peter Tuz Caroline Valetkevitch Lewis Krauskopf
Source: yahoo.com

Klaviyo, Arm, Instacart wobble, raising doubts over IPO revival

NEW YORK (Reuters) -Marketing automation firm Klaviyo's shares closed well below their first-day high on Wednesday, while a slump in the stocks of Arm Holdings and Instacart added to doubts over whether a hoped-for new-listings revival would materialize. The high-profile listings have put investor focus back on the initial public offering (IPO) market after a nearly 18-month dry spell, but it may still be a tough time for offerings given high interest rates and recent declines in the broad...
United States New York San Francisco Lance Tupper Robert Pavlik Noel Randewich
Source: yahoo.com

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Analysis-For retail investors, jumping on Arm's blockbuster IPO is a risky business

Retail traders getting their first bite at Arm Holdings' highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned when they jump on hot listings. Arm's goal of raising around $5 billion in New York in what might be the biggest IPO of 2023 follows other major listings in recent years whose returns have mostly disappointed. Since Arm, owned by Japan's SoftBank Group's, is not well-known amo...
United Kingdom New York United States Anirban Sen Richard Chang Jay Ritter
Source: yahoo.com

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