Stock market today: Dow rallied after Arm IPO popped; eyes turn to Fed meeting

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Go back to Stock market today: Dow rallied after Arm IPO popped; eyes turn to Fed meeting

Arm Holdings (ARM) adds to IPO gains

September 15, 2023 6:23 AM EDT

Arm Holdings (NASDAQ: ARM) is seeing follow-through momentum after Thursday's successful IPO. After opening 10% higher, shares went on to close 24.7% higher. In pre-open trading Friday, shares are up another 6%.

In 2016, Softbank, led by Masayoshi Son, privatized Arm, and the investment firm will retained a controlling... More