Performance of new tech arrivals since IPO launches
<img width="250" height="167" src="https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Performance-of-new-tech-arrivals-since-IPO-launches-5215368387iStock-1301306134-250×167.jpg" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="float: left; margin-right: 5px;" link_thumbnail="" srcset="https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Performance-of-new-tech-arrivals-since-IPO-launches-5215368387iStock-1301306134-250×167.jpg 250w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Performance-of-new-tech-arrivals-since-IPO-launches-5215368387iStock-1301306134-700×467.jpg 700w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Performance-of-new-tech-arrivals-since-IPO-launches-5215368387iStock-1301306134-768×512.jpg 768w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Performance-of-new-tech-arrivals-since-IPO-launches-5215368387iStock-1301306134-120×80.jpg 120w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Performance-of-new-tech-arrivals-since-IPO-launches-5215368387iStock-1301306134-245×163.jpg 245w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Performance-of-new-tech-arrivals-since-IPO-launches-5215368387iStock-1301306134-500×333.jpg 500w, https://www.leaprate.com/wp-content/uploads/2023/09/FIN-LP-Performance-of-new-tech-arrivals-since-IPO-launches-5215368387iStock-1301306134.jpg 1254w" sizes="(max-width: 250px) 100vw, 250px" /><p><span data-contrast="auto">All three companies kicked their IPOs off on a high note, with trade closing above the initial pricing on the first day. Since, share prices have been seesawed somewhat, fueling renewed rounds of speculations.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">It seems short sellers played a significant role in Arm Holdings’ stock, which dipped below its $51 IPO price for the first time last week. On 21 September, the Arm share price recorded its fifth consecutive session drop, and, at a stage, the price sat at $49.85. The company ended the week on a 0.62% low, equalling the $51 IPO price.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">Klaviyo clung to its IPO success and closed the week on a 0.78% rise, with shares currently priced at $33.65. The company’s initial IPO pricing came in at $30.</span></p>
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<p><span data-contrast="auto">Instacart’s Thursday performance, which ended on a 1.8% positive after a few ups and downs since its launch, settled the mood of investors to an extent. However, it is still early for this company, and many are taking a step back to gauge values and investment potentials.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
<p><span data-contrast="auto">Analysts feel the losses go hand in hand with the Nasdaq drop after fears that the Federal Reserve’s monetary policy will remain restrictive for longer than anticipated. Sadly, the weaker-than-expected performances dashed some hopes that these IPOs herald good news after the IPO slump.</span><span data-ccp-props="{"201341983":0,"335559739":160,"335559740":259}"> </span></p>
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