The limp first-day stock performance of Vlad Tenev’s online brokerage following its $32 billion IPO says little about its prospects. The sour part is that rapid growth for Robinhood depends on share prices going up, johnsfoley says.
The limp day one stock performance of Vlad Tenev’s online brokerage following its $32 bln IPO says little about its prospects. Consider Facebook’s debut on the one hand, or Ask Jeeves on the other. The sour part is that rapid growth for Robinhood depends on share prices going up.
Context NewsRobinhood 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.
At the closing price, the digital brokerage was valued at $29 billion.Source: REUTERS/Andrew KellyThe 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. Read more: ReutersBreakingviews »
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What to know ahead of Robinhood's IPOBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. $DIDI IPO disaster is enough to keep me off IPO investing. I'm sticking with financials. nice
Easiest Summer Ever: Italian PeperonataFew dishes feature bell peppers as the one and only main ingredient, which makes Southern Italian peperonata—sweet summer bell peppers stewed in olive oil with onions, garlic, and tomato—not only a delicious summer side dish, but also a fairly unique one.
Robinhood prices IPO at bottom of range, valuing trading app at $26.7 billionRobinhood Markets Inc. priced its initial public offering at the bottom of its expected range Wednesday night, which still values the company at more than... good Trash company Wouldn’t touch it….it’ll get shorted and slammed immediately after they make the initial pump…
Robinhood, Didi Global, Facebook, Credit Suisse: What to Watch When the Stock Market Opens TodayRobinhood Markets will begin trading on the Nasdaq today; Didi Global shares are bouncing on a report it is considering going private.
Robinhood valued at $32 billion after selling shares in IPO at $38 per shareRobinhood CEO Vlad Tenev reflects on immigrating to the U.S. and building the company: “It’s a very special moment for me and for my co-founder.” Sob stories don’t make up for ripping off millions of people. andrewrsorkin Zero, git fkd ya uggo basta andrewrsorkin memeshort
Explainer: Robinhood makes most of its money from PFOF. What is it?App-based retail brokerage Robinhood Markets Inc (HOOD.O) was set to make its highly anticipated market debut on the Nasdaq on Thursday. OGfuckingbitch Don't care