Arm and Instacart stocks have already lost most of their first-day IPO pops

Heykuki News

18 points

3 years ago

In hindsight, it looks like in both cases the first-day pop was achieved by constraining the shares available to buy.

Both stocks have quickly lost most of their first-day pops:

https://www.google.com/finance/quote/CART:NASDAQ?window=5D

https://www.google.com/finance/quote/ARM:NASDAQ?window=1M

Not a good omen for IPOs on the pipeline. Sigh.

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Arm and Instacart stocks have already lost most of their first-day IPO pops | Heykuki News