2023-09-20 20:11:33
Published on September 20, 2023 at 12:44 p.m. Updated on September 20, 2023 at 10:11 p.m.
Even though we are the IPO of the year, have around thirty banks behind it, as well as prestigious investors like Nvidia, and have paid very large sums to banks and legal advisors… it is the market that decides ultimate valuation.
Despite a very successful first day last Thursday (+25%), Arm, the group which “designs” the chips which run many electronic devices, including almost all the smartphones on the planet, is experiencing a disillusioning tomorrow.
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#Arm #fell #IPO #price
