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Stock impact report

Arm Holdings: Plenty Of Smoke But No Fire [Seeking Alpha]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Seeking Alpha
The IPO is backed by a number of major tech companies and is reportedly 10x oversubscribed, suggesting strong retail demand. I believe the company is richly valued considering its stagnant core mobile market and concerns about licensing and royalty revenues in China. Summary With an implied valuation in excess of $50 billion, Thursday's scheduled ARM Holdings PLC IPO is the largest since Rivian ( RIVN ) in 2021. The listing is backed by a number of prominent tech companies that are core customers. Reportedly 10x oversubscribed , it should be met by substantial retail demand out of the gate. In my opinion, the implied valuation is rich relative to growth expectations considering the stagnant mobile market and geopolitical concerns surrounding licensing and royalty revenues in China. Author's Note: This article was originally submitted prior to the IPO on Thursday, Sept 14, 2023. Introduction After a seven-year hiatus, Arm Holdings ( NASDAQ: ARM ) is returning to public sto Show less Read more
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