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ARM Stock Price Prediction – Here’s Why ARM IPO Is A Big Deal

ARM (NASDAQ: AMR) stock price had an explosive first day. The stock soared 25% on its debut on the Nasdaq stock exchange. The successful ARM IPO appears to be a breadth of fresh air for the IPO market, which has been struggling for the past 18 months.

On Friday, shares of the British chipmaker are having a pullback after opening higher. At press time, the stock is still trading 0.5% above its previous close. The increased selling pressure can be attributed to the sell-off in equities on Friday, as the Nasdaq 100 index fell by 243 points within the initial two hours of trading.

ARM IPO Attracts Retail Investors

ARM Holdings plc is the largest single holding of the Japanese investment giant Softbank. The IPO valued the British semiconductor and software design company at $54.5 billion. It was the first IPO in months that gained a lot of attention from the retail crowd.

ARM stock price debuted at $51 on the Nasdaq stock exchange, which is the second largest stock exchange in the world. The stock soared 25% right after listing, which showed an increased investor interest. This shows an increasing demand for quality IPOs despite high interest rates in the West.

ARM Stock Price Forecast

Technical analysis of NASDAQ: ARM is very difficult at the moment as the stock has no price history. After a strong surge in the pre-market session on Friday, the stock retested the pre-market low of $62.8. However, the bulls were quick to react and pushed the price back above $64.

Due to a huge demand, ARM stock price prediction is looking fairly bullish. However, the next week’s FOMC meeting and the macroeconomic outlook will keep the equity prices in check throughout the next week. The following chart shows that the bulls are buying all the dips in the lower timeframe.

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ARM stock price