Three IPOs test the market
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
As we recorded our show, Arm, the British chip designer, was finally going public in a much-watched IPO. Following in the next weeks are grocery picker Instacart and the strangely fashionable sandal maker Birkenstock. How they trade will tell us a lot about the markets. Also, we go short the euro and make a daring value play on the reputation of Elon Musk.
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