ARM Holdings shares fell in early trade on Friday after an impressive debut on the Nasdaq the previous day.
Shares of the British semiconductor maker were down 2% at US$62.25 after closing up about 25% from its listing price of $51 a share on Thursday.
This gave the company a valuation of about $65 billion in its return to the public markets following a seven-year hiatus.
The highly anticipated listing is another sign the IPO market continues to accelerate following a downturn of activity in 2022, along with the debuts of beauty company Oddity and restaurant chain Cava and upcoming IPOs of Instacart and Klaviyo.
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