The chipmaker's price tag was once touted as $70bn, then $64bn, but is now expected to be between $50bn and $55bn Those still mourning the decision by Arm, the Cambridge-based chip designer, to shun London's sleepy stock market in favour of a listing on Nasdaq can take solace. It turns out that US investors, contrary to caricature, aren't so tech-obsessed that they'll pay top dollar unthinkingly. They also fret about fuddy-duddy fundamentals such as growth rates, price-to-earnings ratios and the...
Arm's move to Nasdaq not all plain sailing as US market shows scepticism on IPOs
The Guardian - 4 Sep 2023 19:00
The chipmaker's price tag was once touted as $70bn, then $64bn, but is now expected to be between $50bn and $55bn Those still mourning the decision by Arm, the Cambridge-based chip designer, to shun London's sleepy stock market in favour of a listing on Nasdaq can take solace. It turns out that US investors, contrary to caricature, aren't so tech-obsessed that they'll pay top dollar unthinkingly. They also fret about fuddy-duddy fundamentals such as growth rates, price-to-earnings ratios and the...
Share this Article
Recommended