Warrington in the News Articles: page 11

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.

Mo Wang, University Distinguished Professor, Lanzillotti-McKethan Eminent Scholar Chair and Associate Dean for Research and Strategic Initiatives, told Fortune he sees no reason to suggest an upper age limit for CEOs. The professor points out that decades of data have shown that at an individual level, age is not correlated to job performance.

“Whenever people tell you, ‘Older people, they are less competent,’ that’s a stereotype, but that’s not true,” he says. In fact, he adds, “being older actually sets up the conditions for good leadership.”

Cordell Eminent Scholar Jay Ritter shares his insights on the Instacart (CART) IPO. 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 roughly $13.9 billion.

Grocery delivery company Instacart, which went public Tuesday, is the first significant venture-backed tech initial public offering since the January 2022 listing of Credo Technology Group Holdings, said Jay Ritter, Cordell Eminent Scholar. The next expected debut this week is for the marketing automation company Klaviyo.

Like many MBA students, right now Alexander Schwartz (MBA ’24) is studying for his fall semester business school finals. But unlike most of his peers and classmates, he’s also reviewing the minutiae of Jewish law about keeping kosher and observing Shabbat.

While attending the Warrington College of Business at the University of Florida, where he is a second-year MBA student, Schwartz is also enrolled in the Miami Semicha Program working toward a degree in rabbinical law. He will finish both programs in 2024, becoming an MBA and an ordained rabbi.

In addition to his studies, Schwartz, with his partner who is a longtime pastry chef off, is working on getting his cookie mix company Cookie Chips off the ground.

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 billion Arm’s way for shares that are now trading on the open market.

The initial price was $51 per share, which was, you could say, a decision. That offering price is a choice. Marketplace looked into how that choice is made with insights from Cordell Eminent Scholar Jay Ritter.

As millions of students return to school this fall, ABC News spoke with students and professors, including Clinical Professor and Executive Director of the Miller Retail Center Joel Davis, learning to navigate the influence of generative artificial intelligence.

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 looking like a hard sell. In their desperate attempt to earn fees and de-risk from Arm parent SoftBank Group Corp., bankers are getting investors worried.

The NASDAQ’s delisting, if upheld after appeal, is expected to have a direct impact on LifeWallet’s financial health. It can cost more to trade stocks that are not listed on NASDAQ or the New York Stock Exchange, said Jay Ritter, Cordell Eminent Scholar at the University of Florida. Delisting can also affect investor confidence.

Shares in the British chip designer Arm will be listed Thursday on New York’s Nasdaq exchange in the biggest such offering in two years, a $50 billion wager by principal shareholder SoftBank Group amid a still uncertain market. Cordell Eminent Scholar Jay Ritter comments on this new listing.