Finance Articles: page 8

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Jay Ritter

Bill Ackman Wants to Take Elon Musk’s X Public. History Says It’s a Risky Move.

Bill Ackman, the hedge fund manager and activist investor, told The Wall Street Journal that he would be interested in a deal with Elon Musk’s X, formerly known as Twitter, to take part of the social media company public via his special

Jay Ritter

Kelly Evans: Boring IPOs are better IPOs

Arm’s IPO today is being met with skepticism for a reason. The company did used to be one of the hotter stocks in the market, back before Softbank – best known for wildly overpaying for WeWord – bought it and

Jay Ritter

Arm is trading at a premium to Nvidia after IPO pop even though it’s a ‘no-growth company’

For investors, the critical difference between Nvidia and Arm is the growth rate. Nvidia just reported a doubling of revenue in the latest quarter and forecast expansion of 170% this period, as all the major cloud companies ramp up spending

Jay Ritter

DoorDash will switch to Nasdaq from the NYSE in blow to Big Board

DoorDash said on Thursday that it will transfer its listing from the New York Stock Exchange to the Nasdaq, a potential blow to the NYSE. The food delivery company expects to begin trading on the Nasdaq on Sept. 27 at

Jay Ritter

How ‘Low Floats’ Boost IPOs—and Create Risks for Investors

Arm and Instacart just offered the public a “low float” as part of each company’s IPO, meaning that they offered a small number of shares to public investors, often resulting in too little supply to meet the demand, which can

Jay Ritter

What Arm and Instacart say about the coming IPO wave

Data from Cordell Eminent Scholar Jay Ritter informs this story about the latest companies to go public – chip designer Arm and grocery delivery firm Instacart.  Read more in this story from The Economist. 

Jay Ritter

Instacart IPO: Why the odds may be against the grocery delivery chain in its public debut

Instacart (CART) is officially on the public market. On Tuesday, the grocery delivery company went public on the Nasdaq. Instacart stock opened at $42 a share, 40% higher than the anticipated $30 a share, which put the company’s market valuation at

Jay Ritter

Pro Take: Instacart, Klaviyo IPOs Will Help Thaw Late-Stage VC, but Not for All

Finally, the ice is breaking on new technology company IPOs. That will help defrost the later-stage venture market, but only for some companies—those getting close to profitability and willing to accept lower valuations. The rest will continue to struggle to

Jay Ritter

A lot goes into pricing a stock IPO

Semiconductor designer Arm Holdings sold shares to the public Thursday. The IPO valued Arm at about $55 billion. Before the stock hit Nasdaq, big institutional investors had lined up to get a piece of the company and sent nearly $5

Jay Ritter

Arm’s $55 Billion IPO Smacks of Bankers’ Desperation

IPO data from Cordell Eminent Scholar Jay Ritter informs this story about Arm Holdings Plc’s Nasdaq debut, which was supposed to energize the anemic initial public offerings market. But its roadshow, powered by more than two dozen investment banks, is

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