Here's the Scoop on the 2 IPO Stocks Everyone's Talking About Right Now
Initial public offerings (IPOs) are back, and Wall Street couldn't be happier. After 2022's bear market, it took a while for privately held companies to work up the nerve to return to the public markets to raise capital. Now, though, it appears that the floodgates are opening, and some high-profile businesses are lining up to get their opportunity to enter the IPO spotlight.
Arm Holdings (NASDAQ: ARM) has already had a successful launch as a publicly traded company, but some believe that the IPO hype could give way to weaker stock performance from the semiconductor specialist. But today, most of the attention on Wall Street is on grocery delivery company Instacart, which has priced its own initial public offering and appears set to begin trading at some point on Tuesday. Here's the latest on both IPO stocks.
Instacart continued to move forward with its initial public offering on Tuesday morning, announcing the final pricing for shares offered to those participating in the IPO. The stock went out at $30 per share, which was at the top end of the most recently anticipated range of between $28 and $30 per share. That range had increased over the course of the IPO process, reflecting fairly solid demand from investors.
Source Fool.com