Shares of Arm Holdings, one of the year’s most-anticipated initial public offerings, started trading Thursday afternoon, rising in its first trading session.
The shares opened just above $56 after they priced at $51 apiece. They closed at $63.59, up about 25% from the offer price and 18% higher than the open.
Arm shares rose above 66% at their intraday high, a nearly 30% rise.
