IPO Recap | Chipmaker GlobalFoundries is going public tonight

On the last trading day, the NASDAQ Composite index rose 0.00%, while the S&P 500 indexfell 0.51%, and the Dow Jones Industrial Average dropped 0.74%.

On Wednesday, there was no traditional IPO filed and four new stocks officially listed for trading. Technology firm Arteris soared 30% in its trading debut, valued at $546 million.

Arteris states that it is a leading provider of interconnect and other intellectual property (IP) technology that manages the on-chip communications in System-on-Chip (SoC) semiconductor devices. Its products enable its customers to deliver increasingly complex SoCs that not only process data but are also able to make decisions.

As of June 30, 2021, Arteris had 166 Active Customers for both IP licensing and software products.

Since its founding in a small trailer which Dick Portillo called「The Dog House」, Portillo’s has grown to become a treasured brand with a passionate nationwide following. As of June 27, 2021, it owned and operated 67 Portillo’s restaurants across nine states.

Its diverse menu features all-American favorites such as Chicago-style hot dogs and sausages, Italian beef sandwiches, chopped salads, burgers, crinkle-cut french fries, homemade chocolate cake and milkshakes.

Itwent public on Oct 20th, 2021, with a first-day gain of 45.50% and a listed-to-date gain of 101.55%.As of October 28th, it had a market cap of $2.88 billion.

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