IPO Roundup: Checking on 3 Stocks After Market Debut

ARM is yet to score a daily win

Digital Content Manager

Sep 21, 2023 at 1:59 PM

Arm Holdings (NASDAQ:ARM) is not the only name that has had a buzzy initial public offering (IPO) recently. Both data software stock Klaviyo Inc (NYSE:KVYO) and e-tailer Instacart (NASDAQ:CART) also made their Wall Street debuts this week, so let's take a look at how these stocks are faring below.

ARM -- a semiconductor stock -- was last seen down 4.6% at $50.46 at last check, and pacing for its fifth-straight daily loss as Treasury yields rise and the chip sector seems to struggle. This current perch is a far cry from its Sept. 15, all-time high $69, and the equity has failed to secure a daily win over its short history.

Last seen down 3.7% at $31.50, KYVO is struggling during its second day of trading. The stock reached a peak of $39.57 upon yesterday's market debut, after setting an IPO price of $30 per share.

Meanwhile, CART is up 0.2% at $30.17 at last glance. Shares were initially priced at $30 each as well, and hit a high of $42.95 after trading began on Tuesday. The stock is eyeing its first daily win, if today's gains hold.

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