Arm, based in Cambridge, UK, was listed on the stock exchange from 1998 to 2016.
(Photo: Reuters)
new York It was a textbook IPO. The shares of the British chip designer Arm start trading on Thursday at a price of $56.10. That is an increase of ten percent from the issue price.
This means that the stock’s much-noticed jump in price is neither too high nor too low, as investors say: If the share price only rises very slightly, this is often seen as a sign of weakness on Wall Street. On the other hand, if the price jump is too large, it is a sign that the issue price was too low and the company could have made more money by going public. As trading continued, the share price continued to rise and was trading 17 percent higher in New York in the afternoon.
>> Read here: All details about the Arm IPO
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