You might use ARM products, but that does not mean you need to love up its IPO
By Chris Bailey of Financial Orbit | Sunday 3 September 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I was not clever enough to be holding a bunch of ARM shares when the company was takeover by Softbank Group of Japan in 2016. You may have been reading over the last few months, the company’s (re)IPO is not going to take place here, or in Japan, but in the US of A. And what a surprise that this is where technology sector demand is the most rampant, and valuations are the most excitable. However…
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