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The over $5 billion IPO of British chip designer Arm was the largest listing in a volatile year. It was nearly half the size of the largest IPO of 2022 - Porsche. In terms of returns, most listings in 2023 were lacklustre.
Arm stock is up more than 30% from its IPO price—and one analyst says shares of the British chip designer can gain another 50% due to the generative AI boom.
LIC's largest holding in percentage terms is Reliance Industries (RIL) with a 5.98% stake at the end of October 2021. The second-largest holding is Infosys with 5.55% stake.