Sep 15, 2023 | Weekly Cache
The share price Arm Holdings ended Thursday at US$63.59, up nearly 25% above the initial public offering price, a strong early sign for the tech listing market overall. Instacart is targeting a valuation of roughly US$8.6 billion to US$9.3 billion in its imminent IPO,...
Sep 9, 2023 | Weekly Cache
Last week was tough in the markets, as Dow Jones fell 0.75%, S&P 500 lost 1.35, and Nasdaq was down 1.9% — these major indices fell below their 50 day moving averages. China has banned iPhone use for government officials at work. China Mobile reportedly...
Sep 2, 2023 | Weekly Cache
Growth stocks performed well last week, Nasdaq was up 3.25%, S&P 500 rose 2.5%, and Dow Jones gained 1.4%. Arm will start conversations with potential IPO investors with a US$50 billion to US$55 billion valuation in mind, for at least a 56% increase from the price...
Aug 26, 2023 | Weekly Cache
Last week, markets were mixed, Dow Jones fell 0.45%, S&P 500 was up 0.8%, and Nasdaq rose 2.3%, after ending three-week losing streaks. Major indexes did see reversals on Thursday despite blowout Nvidia results, and stocks rebounded on Friday despite hawkish...
Aug 19, 2023 | Weekly Cache
Last week was another tough week for investors, Dow Jones fell 2.2%, S&P 500 lost 2.1%, and Nasdaq fell 2.6%. SoftBank is in talks to acquire the 25% stake in Arm it does not directly own. Arm’s revenue fell 1% to US$2.68 billion in its last fiscal year, Bloomberg...
Aug 12, 2023 | Weekly Cache
Last week, Nasdaq and growth names were more damaged as industrials, infrastructure, housing, energy sectors and some retail, travel, medical, transportation and financial names held up better. Dow Jones rose 0.6%, S&P lost 0.3% and Nasdaq fell 1.9%. SoftBank’s...
