Hundreds of thousands of Robinhood customers bought shares in the trading app’s rocky initial public offering earlier this week
Users representing about 1.3% of the company’s funded accounts participated in Robinhood’s initial public offering earlier this week, according to numbers provided by the online brokerage.
. In a typical IPO, individual investors get well under 10%.The decision helped make for a volatile first day of trading in Robinhood shares. The stock opened Thursday even with the $38 IPO price and quickly fell more than 10%. It closed down 8% at $34.82. The stock did a bit better on Friday, closing up about 1% at $35.15.
An allocation of 25% would mean the average Robinhood customer participating in the IPO spent about $1,600 to buy 41 shares. Read more: The Wall Street Journal »
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stay away from it, not even try to short it dnt fuk with ma sell button Of all the IPO's in the world, this had one of the biggest crashes on its day of opening, in the entire history of the stock market. You can pump this shit all you want, we all know it's shit Another overpriced bubble IPO driven by zero percent interest rates and rampant speculation. Thanks federal reserve!
Going to $100. Sold my shares too early. It wasn't going up fast enough. There's a sucker born every minute. trash as robbing pieceofshit Great thank you they pray Robinhood do not cut net again That seems like a pretty pathetic number considering they have 22 million users And selling them was not an option.. when will that be discussed?
WSJ News Exclusive | Robinhood Stock Sale Soured By Investor Confusion, Valuation ConcernThe trading platform’s commitment to “democratizing” the IPO process may have played a role in the offering’s big initial stumble Thursday. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Blakescott64 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️ If you try to stop gamers you will get schooled. RobbingHood!
Oh no, here comes the crash horrible
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Robinhood IPO Was No Feather in Its CapHeard on the Street: The retail-heavy strategy of Robinhood’s IPO may be questioned after its first-day drop, but the broker’s fundamentals are what matter now These people look so happy. I want to be this happy too. nah I hope they get to be this happy when they get indicted
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