British semiconductor company Arm’s $4.9 billion IPO last week and the surge in its shares since is a sign that public capital markets are returning to prominence, the head of JP Morgan’s asset management has said.
Mary Callahan Erdoes, chief executive of the US investment bank’s asset and wealth management division, said the chip designer’s public debut was a “harbinger” of a return to normal following a barren year for stock market IPOs. JP Morgan ...
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