Robinhood Markets’ shares fell 8% to around $35 in their first day of trading on July 29, compared with an initial public offering price of $38 set a day earlier.
Underwriters Goldman Sachs and JPMorgan had proposed a price range of $38 to $42 a share.The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021.
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