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September 15, 2023 @ 13:11 +03:00
In a highly anticipated comeback, UK-based chip designer Arm Holdings has made a stunning return to the stock market. The move garnered significant attention, resulting in the company’s market value surging to a remarkable $60 billion (£48.3 billion).
As the first trading day concluded, Arm Holdings‘ shares were valued at over $63 each, representing an impressive 25% increase from their initial price of $51 per share during the sale. This IPO, which raised a substantial $4.87 billion for its parent company, Softbank Group, stands as one of the most significant public offerings of the year.
Arm Holdings, headquartered in the technology hub of Cambridge, UK, had been the subject of intense speculation in the financial world. The decision to return to the stock market was eagerly awaited, signifying a pivotal moment for various stakeholders.
Initially considering a London listing, Arm Holdings ultimately chose to conduct its IPO in the United States. While this decision presented challenges to the London stock market, it showcased the company’s adaptability and its ability to seize opportunities in diverse international markets.
Traders will be pleased to learn that Arm Holdings’ stock is now available for trading on the MT5 accounts offered by FxPro. Through Contracts for Difference (CFDs) at FxPro, traders can take both long and short positions on Arm Holdings’ shares, providing them with valuable flexibility in navigating the market.
For more details on trading Arm Holdings’ shares via FxPro, please visit the specifications page.