For retail investors, jumping on Arm’s blockbuster IPO is a risky business
Sept 11 (Reuters) - Retail traders getting their first bite at Arm Holdings' highly anticipated public offering when the British chip designer begins trading this week should beware: individual investors often get burned when they jump on hot listings.Arm's goal of raising around $5 billion in New York in what might be the biggest IPO of 2023 follows other major listings in recent years whose returns have mostly disappointed.Since Arm, owned by Japan's SoftBank Group's (9984.T), is not well-known among consumers, it is focusing its IPO marketing efforts on institutional investors, people familiar with the deal said.That leaves most Main Street investors to buy Arm shares at potentially higher prices once they begin trading. With retail investors holding individual stocks for less than a...
