Arm is trading at a premium to Nvidia after its IPO pop
With a valuation of about $68 billion, Arm's price-to-earnings multiple after its first day of trading is higher than Nvidia's.
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With a valuation of about $68 billion, Arm's price-to-earnings multiple after its first day of trading is higher than Nvidia's.
With a valuation of about $68 billion, Arm’s price-to-earnings multiple after its first day of trading is higher than Nvidia’s.
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.
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.
The oversubscription isn't an indication of investor enthusiasm. SoftBank plans to sell only 9 percent of Arm’s shares, and will pledge out a 75 percent stake for margin loans once the stock debuts. With an IPO drought and SoftBank dangling millions of dollars, bankers are willing to tell any story, however stretched it is. Arm's focus on chips for smartphones isn't where the AI market is hot