The successful IPO, which raised nearly $5 billion for SoftBank, has sparked hopes of a revival in the IPO market after a two-year slump. However, questions remain about whether Arm's successful launch can influence the broader IPO market, as some strategists argue that its debut isn't a typical representation for companies looking to go public.
Key takeaways:
- Arm's initial public offering (IPO) became the largest in the US since 2021, with its stock rising 25% on its first day of trading.
- Over 20,000 purchase orders were made by retail traders on Fidelity's platform, surpassing popular stocks like Tesla and Nvidia.
- The company's successful debut raised nearly $5 billion for SoftBank and sparked hopes of a revival in the IPO market after a two-year slump.
- Despite its success, questions remain about whether Arm's launch can influence the broader IPO market, as some strategists argue that its debut isn't a reliable indicator for other companies looking to go public.