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0.00035938523983671 -0.00196604866498961 -0.000486227089191029 0.00670147770754498 0.0142823922372787 0.018189121197387 0.0267847705219541 0.0291102044267804
Stock impact report

Arm Is Already Down Nearly 20% From Its First-Day High [Forbes]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Forbes
public offering since 2021 and potentially putting a damper on the re-emergent IPO market. Shares of Arm slid about 6% to below $57 by 9:45 a.m. EST, expanding on its 4% loss Friday. The stock is now down 17% from its intraday high of $69 achieved during its sparkling Thursday debut, though it remains up about 10% from its IPO price of $51. The immediate cooldown of Arm shares is reminiscent of similarly hot-then-cold performances of other notable IPOs in recent years, as the stocks of the 10 largest IPOs since 2019 are down an average of roughly 50% from their first-day peaks. Arm's debut preceded two other high-profile IPOs scheduled for this week in grocery deliverer Instacart and marketing automator Klaviyo, both of which raised the pricing on their initial share prices by about 10% following Arm's splashy first day. Crucial Quote Arm's IPO valuation was “fair” but there's “little upside from here,” Needham analyst Charles Shi wrote in a note last week initiating coverag Show less Read more
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