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

📆 15/09/2023 00:32:00
📰 CNBC

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

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

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.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: nbcchicago - 🏆 545. / 51 Read more »