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ARM Stock IPO to Now

Posted on 9/20/23 at 8:30 pm
Posted by Skippy1013
Lafayette, La
Member since Oct 2017
698 posts
Posted on 9/20/23 at 8:30 pm
It made its IPO last week at $51, but the regular customers could not get it at that price, it was all given to the big boys. Well today, after it had run way up to $69, it closed today back down at $52.91. I picked up 200 shares right before today’s close and I plan to hold it many years.

Any thought??
Posted by OTIS2
NoLA
Member since Jul 2008
51514 posts
Posted on 9/20/23 at 10:44 pm to
Good luck.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 9/21/23 at 4:56 am to
I personally never touch IPOs because of all the frickery that happens.

too early to get a good read on the market's sentiment and I'm never in a rush to own a new stock.
Posted by BourbonDad
Somewhere on the vol surface
Member since Sep 2016
202 posts
Posted on 9/21/23 at 6:54 am to
Never buy IPOs within the first 6-12mo imo.
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