Arm debut! Head for $30 or $60? How about other IPOs' performance?
What you have to know before you rush to buy $Arm Holdings(ARM)$ at its debut:Prices IPO at $51 per shareRaising $5B at $54.5B valuation.10x oversubscribed, according to Bloomberg.100x PE? This is over 2x $NVIDIA Corp(NVDA)$ .Net income in fiscal 2023 = $524m, at a valuation of $54b puts it at a P/E ~104. Avoid to buy it at the first day high!Make sure you research what happens to people who buy on IPO day highs...The return on IPO prices are mixed for major IPOs; however, the returns on buying at first-day high are in red!!At what price would you like to buy Arm?Some investors believe that it is definitely worth waiting to see how things play out before investing in ARM.Others argue that $30 is