Previous close | 21.86 |
Open | 20.77 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 20.77 - 20.78 |
52-week range | 17.57 - 26.02 |
Volume | |
Avg. volume | 232 |
Market cap | 390.332M |
Beta (5Y monthly) | 1.03 |
PE ratio (TTM) | N/A |
EPS (TTM) | -3.76 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
(Bloomberg) -- Chip designer Arm Holdings Plc fell below its initial public offering price just one week after a highly-anticipated debut was seen as a signal that the market was ready to reopen to fresh listings.Most Read from BloombergEx-Goldman Bankers Make a Fortune With Controversial Bet on CoalIndia Suspends Visas, Canada Pulls Diplomats Amid TensionsMcCarthy Ambushed as Republican Hardliners Change Course on Spending PlanWall Street Trading Roiled by ‘Post-Fed Hangover’: Markets Wrap‘Dead
S&P Global Ratings revised its credit outlook for Japanese technology investor SoftBank Group to positive from stable after the initial public offering (IPO) of British chip designer, Arm Holdings, its largest asset, last week. S&P said the listing has led to a substantial improvement in the liquidity of SoftBank's investment portfolio and that this is likely to endure for the next year or so.
In a recent turn of events, chip design company Arm Holdings (NASDAQ:ARM), owned by Softbank (OTC:SFTBY), saw its shares soar by 25% on the first day of trading last week. Despite this initial success, concerns have been raised about the company's inflated valuation and lack of top-line growth.