Shares of British chip designer Arm slipped below their IPO price of $51 in midday as the broader stock market also declined.
It’s been one week since Arm’s stock market debut, when the stock soared 25%. Since then, the stock has struggled, falling at least 4% each subsequent full trading day.
On Thursday, the stock recently declined 5% to $50.26. The tech-heavy Nasdaq Composite declined 1.3%.
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