Arm Stock Is Dropping Again. Why Its Owner Is Happy.
Share of chip-design firm Arm were falling again early Tuesday but majority owner SoftBank was counting its gains from the company's IPO.
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Share of chip-design firm Arm were falling again early Tuesday but majority owner SoftBank was counting its gains from the company's IPO.
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Arm shares have fallen below their initial IPO pop but still trade well ahead of some analysts' valuation of the chip-design firm.
Arm Holdings closed its first day as a public company priced at more than 25 times sales and 100 times profit. It’s a pricey bet on AI.
SoftBank Group shares rose Friday morning in Tokyo after chip designer Arm surged in its Nasdaq debut overnight, raising hopes for a recovery in the IPO market.