Short Sellers Face Delay Before Betting Against Soaring Arm Holdings Stock After $60 Billion Nasdaq Debut
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Short sellers may have to wait a day or more before being able to bet against Arm Holdings' soaring shares after its Nasdaq debut.
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Arm Holdings shares opened 18% above offer price, valuing the chip designer at nearly $60 billion.
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Short sellers aim to profit by borrowing shares to sell now and buy back later at a lower price.
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Brokers usually wait at least a day after an IPO before locating shares available to short.
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Investors may have to wait until next week to trade options on Arm Holdings shares due to regulatory requirements.
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