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        Arm shares drop below IPO Pricing

        Event Description
        Ended
        Arm shares were down below its IPO price of $51 a share and down from levels of more than $60 reached in initial trading last week. While ... Show More
        Arm shares were down below its IPO price of $51 a share and down from levels of more than $60 reached in initial trading last week.
        While $Arm Holdings(ARM.US)$ listed with a valuation of more than $50 billion and has talked up its role in the growth of artificial intelligence, the shares have returned to near the listing price after an initial pop.
        According to Susquehanna's Christopher Rolland and Mehdi Hosseini, the stock seems to be fully valued. They jointly initiated coverage of Arm with a Neutral rating and share-price target of $48, a figure based on an enterprise value of 15 times Arm's forecast sales for 2024.
        🎙️Q:
        1. What did ARM stand for?
        2. Why is Arm so popular?
        View disclosures here.
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