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Three IPOs test the market
As we recorded our show, Arm, the British chip designer, was finally going public in a much-watched IPO. Following in the next weeks are grocery picker Instacart and the strangely fashionable sandal maker Birkenstock. How they trade will tell us a lot about the markets. Also, we go short the euro and make a daring value play on the reputation of Elon Musk.
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Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X, formerly Twitter. You can email Ethan at ethan.wu@ft.com.
Read a transcript of this episode on FT.com
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Published on 2 years, 3 months ago