ARM IPO made waves in the market, with the stock price rising by 25%😲
The stock market was quite active in the last 48 hours of last week, starting with the long-awaited ARM IPO on Thursday, which broke the long-term stagnation of the US IPO market. The company's stock price rose by 25% at the opening, bringing its market value to about $600. billion (a price-to-earnings ratio of about 110 times), becoming the most successful IPO since 2021 and prompting the SPX to close at its highest level in nearly a month on Thursday. The market's positive reaction to this should revive the dormant IPO market. Some companies will aim to go public by the end of the year (Instacart, VNG Ltd., Birkenstock, Klaviyo, etc.).
