Arm shares soar in market debut. Here's why the pros are not buying the stock right now

📆 15/09/2023 01:32:00

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Pros on CNBC discussed Arm Holdings after shares surged following its initial public offering.

📆 15/09/2023 01:32:00
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Market Movers rounded up the latest reactions on Arm Holdings from investors and analysts. The pros, including Jim Cramer , discussed the British chip design company after it began trading publicly Thursday. The company's initial public offering was priced at $51 per share but shares opened at $56.

10. SoftBank took Arm private in 2016 and still holds about 90% of its outstanding shares . Arm Chief Financial Officer Jason Child and Softbank CEO Masayoshi Son joined CNBC for an exclusive interview to discuss market expectations, artificial intelligence and more . Arm Holdings closed at $63.59.

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Arm opens at $56.10 per share in market debut, after pricing IPO at $51Arm Holdings, the chip design firm, has begun trading on the Nasdaq in a long-anticipated IPO at a $54 billion valuation.
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