{"id":13228,"date":"2023-09-18T16:57:54","date_gmt":"2023-09-18T16:57:54","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/arm-is-already-down-nearly-20-from-its-first-day-high\/"},"modified":"2023-09-18T16:57:55","modified_gmt":"2023-09-18T16:57:55","slug":"arm-is-already-down-nearly-20-from-its-first-day-high","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=13228","title":{"rendered":"Arm Is Already Down Nearly 20% From Its First-Day High"},"content":{"rendered":"
\n

Topline<\/h2>\n

Arm stock slumped again Monday, wiping out much of the British chip architect\u2019s gains last week as investors warmly welcomed the largest initial public offering since 2021 and potentially putting a damper on the reemergent IPO market.<\/p>\n

Key Facts<\/h2>\n
\n
\n

Shares of Arm slid about 6% to below $57 by 9:45 a.m. EDT, expanding on its 4% loss Friday.<\/p>\n<\/p><\/div>\n

\n

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.<\/p>\n<\/p><\/div>\n

\n

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 ten largest IPOs since 2019 are down an average of roughly 50% from their first-day peaks.<\/p>\n<\/p><\/div>\n

\n

Arm\u2019s 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\u2019s splashy first day.<\/p>\n

<\/fbs-ad>\n <\/div>\n<\/div>\n

Crucial Quote<\/h2>\n

Arm\u2019s IPO valuation was \u201cfair\u201d but there\u2019s \u201clittle upside from here,\u201d Needham analyst Charles Shi wrote in a note last week initiating coverage on the stock with a hold rating, recommending investors stay on the \u201csidelines as the market is still in the early stages of price discovery.\u201d<\/p>\n

Key Background<\/h2>\n

Owned by Japan\u2019s SoftBank, Arm was actually a publicly traded company until 2016. SoftBank listed 10% of its shares in Arm in the IPO. Arm is the largest company to go public since electric vehicle firm Rivian in November 2021.<\/p>\n

What To Watch For<\/h2>\n

On Wednesday, the Federal Reserve will release its quarterly dot plot, which reveals central bank policymakers\u2019 longer-term expectations for the federal funds rate. A moderation in interest rates would be a key indicator of whether the macroeconomic environment will be growth-friendly and thus open the door for a robust IPO market. Ali Ghodsi, CEO of private $43 billion AI startup Databricks, told Forbes<\/em> last week his company, which is among the most-anticipated possible IPOs, is keenly interested in the direction of rates as it considers when to \u201cgo\u201d on an IPO.<\/p>\n

<\/h2>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Topline Arm stock slumped again Monday, wiping out much of the British chip architect\u2019s gains last week as investors warmly welcomed the largest initial public offering since 2021 and potentially putting a damper on the reemergent IPO market. Key Facts Shares of Arm slid about 6% to below $57 by 9:45 a.m. EDT, expanding on […]<\/p>\n","protected":false},"author":1,"featured_media":13229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[33],"tags":[],"class_list":{"0":"post-13228","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets"},"yoast_head":"\nArm Is Already Down Nearly 20% From Its First-Day High | Prosfunds<\/title>\n<meta name=\"description\" content=\"Topline Arm stock slumped again Monday, wiping out much of the British chip architect\u2019s gains last week as investors warmly welcomed the largest initial\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=13228\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arm Is Already Down Nearly 20% From Its First-Day High | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"Topline Arm stock slumped again Monday, wiping out much of the British chip architect\u2019s gains last week as investors warmly welcomed the largest initial\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prosfunds.com\/?p=13228\" \/>\n<meta property=\"og:site_name\" content=\"Prosfunds\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-18T16:57:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-18T16:57:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/09\/1695056274_0x0.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/prosfunds.com\/?p=13228#article\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/?p=13228\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\"},\"headline\":\"Arm Is Already Down Nearly 20% From Its First-Day High\",\"datePublished\":\"2023-09-18T16:57:54+00:00\",\"dateModified\":\"2023-09-18T16:57:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/prosfunds.com\/?p=13228\"},\"wordCount\":359,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/prosfunds.com\/?p=13228#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prosfunds.com\/?p=13228\",\"url\":\"https:\/\/prosfunds.com\/?p=13228\",\"name\":\"Arm Is Already Down Nearly 20% From Its First-Day High | Prosfunds\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/#website\"},\"datePublished\":\"2023-09-18T16:57:54+00:00\",\"dateModified\":\"2023-09-18T16:57:55+00:00\",\"description\":\"Topline Arm stock slumped again Monday, wiping out much of the British chip architect\u2019s gains last week as investors warmly welcomed the largest initial\",\"breadcrumb\":{\"@id\":\"https:\/\/prosfunds.com\/?p=13228#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/prosfunds.com\/?p=13228\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/prosfunds.com\/?p=13228#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/prosfunds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Arm Is Already Down Nearly 20% From Its First-Day High\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prosfunds.com\/#website\",\"url\":\"https:\/\/prosfunds.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prosfunds.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/prosfunds.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/prosfunds.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/prosfunds.com\"],\"url\":\"https:\/\/prosfunds.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Arm Is Already Down Nearly 20% From Its First-Day High | Prosfunds","description":"Topline Arm stock slumped again Monday, wiping out much of the British chip architect\u2019s gains last week as investors warmly welcomed the largest initial","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prosfunds.com\/?p=13228","og_locale":"en_US","og_type":"article","og_title":"Arm Is Already Down Nearly 20% From Its First-Day High | Prosfunds","og_description":"Topline Arm stock slumped again Monday, wiping out much of the British chip architect\u2019s gains last week as investors warmly welcomed the largest initial","og_url":"https:\/\/prosfunds.com\/?p=13228","og_site_name":"Prosfunds","article_published_time":"2023-09-18T16:57:54+00:00","article_modified_time":"2023-09-18T16:57:55+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/09\/1695056274_0x0.jpg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prosfunds.com\/?p=13228#article","isPartOf":{"@id":"https:\/\/prosfunds.com\/?p=13228"},"author":{"name":"News Room","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6"},"headline":"Arm Is Already Down Nearly 20% From Its First-Day High","datePublished":"2023-09-18T16:57:54+00:00","dateModified":"2023-09-18T16:57:55+00:00","mainEntityOfPage":{"@id":"https:\/\/prosfunds.com\/?p=13228"},"wordCount":359,"commentCount":0,"publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prosfunds.com\/?p=13228#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prosfunds.com\/?p=13228","url":"https:\/\/prosfunds.com\/?p=13228","name":"Arm Is Already Down Nearly 20% From Its First-Day High | Prosfunds","isPartOf":{"@id":"https:\/\/prosfunds.com\/#website"},"datePublished":"2023-09-18T16:57:54+00:00","dateModified":"2023-09-18T16:57:55+00:00","description":"Topline Arm stock slumped again Monday, wiping out much of the British chip architect\u2019s gains last week as investors warmly welcomed the largest initial","breadcrumb":{"@id":"https:\/\/prosfunds.com\/?p=13228#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prosfunds.com\/?p=13228"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prosfunds.com\/?p=13228#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prosfunds.com\/"},{"@type":"ListItem","position":2,"name":"Arm Is Already Down Nearly 20% From Its First-Day High"}]},{"@type":"WebSite","@id":"https:\/\/prosfunds.com\/#website","url":"https:\/\/prosfunds.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prosfunds.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prosfunds.com\/#organization","name":"Funding Factories","url":"https:\/\/prosfunds.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/prosfunds.com"],"url":"https:\/\/prosfunds.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/13228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13228"}],"version-history":[{"count":1,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/13228\/revisions"}],"predecessor-version":[{"id":13230,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/13228\/revisions\/13230"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/media\/13229"}],"wp:attachment":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}