Arm Ends Second Day of Trading Lower After Strong Debut
- Stock gets its first hold, analyst says valuation ‘looks full’
- Arm’s IPO expected to set tone for Instacart, other debuts
The Arm IPO at the Nasdaq MarketSite in New York, on Sept. 14.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Arm Holdings Plc’s second day of trading proved to be a volatile one.
The chip designer’s shares jumped 8.5% at the open on Friday, then swung between gains and losses before ending the day at their session low, down 4.5%. The move followed the stock’s buoyant market debut, where it notched a 25% rally after raising $4.87 billion.