Chips aren’t down: The star of 2023’s big three tech IPOs emerges
Arm Holdings soared 20 per cent after its earnings, with its post-IPO performance alongside Instacart and Klaviyo giving food for thought ahead of Canva’s IPO.
Two share market listings diverged in the woods last year: British chip component designer Arm Holdings went down the road of artificial intelligence, and that made all the difference; grocery delivery company Instacart went nowhere.
Arm Holdings chief executive Rene Haas celebrated the company’s public listing last year. His optimism has been rewarded. AP
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Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com
