-- Raising a combined $6.5 billion, three of this year’s biggest US tech listings — Arm Holdings Plc, Klaviyo Inc., and Instacart — face crucial earnings tests this week after lackluster starts for their shares.Malaysia Renews Hamas Backing, Defying Threat of US Sanctions
Analysts are looking for quarterly revenue to grow to $749 million with $445 million coming from royalties, according to the average of analyst estimates compiled by Bloomberg. “It’s absolutely the assumption that the company will hit its numbers in the first earnings report after its IPO, otherwise investors tend to lose confidence in management to set and meet future expectations,” said Matthew Kennedy, senior IPO market strategist at Renaissance Capital.
Cathie Wood’s flagship fund on Monday sold Roku Inc., which recently became its biggest holding, for the first time since August.