Arm Holdings, a leading semiconductor and software design company, saw a rise in its shares as investors on Wall Street closely monitored the expiration of the lock-up period following its initial public offering (IPO).
The lock-up period refers to a predetermined timeframe after an IPO during which certain shareholders, typically company insiders and early investors, are restricted from selling their shares. Once this period expires, these shareholders are free to sell their shares on the open market, potentially impacting the stock price.
