Warrington in the News Articles: page 3

Arm’s IPO today is being met with skepticism for a reason. Its core end market, smartphones, is much more mature and barely growing. Cordell Eminent Scholar Jay Ritter informed the story from CNBC.

After jumping 25% in its Nasdaq debut, Arm has a fully diluted market cap of about $68 billion, and a price-to-earnings multiple based on the past 12 months of close to 170. Cordell Eminent Scholar Jay Ritter commented on the company’s change in earnings in the story from CNBC.

DoorDash will transfer its listing from the New York Stock Exchange to the Nasdaq, the food delivery company announced Thursday. Data from Cordell Eminent Scholar Jay Ritter informs this story from CNBC.

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 cause a stock to pop at the open. These companies aren’t the only ones, though.

Corporations recently have been stingier with the number of shares offered to the public. In, 2021 and 2022, the average float stood at approximately 18% and 19%, respectively, the lowest in over four decades, according to Jay Ritter, Cordell Eminent Scholar.

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.