Robinhood’s stock drops 8% in its first day’s trading
https://techcrunch.com/2021/07/29/robinhoods-stock-drops-8-in-its-first-days-trading/
Robinhood priced its public offering at $38 per share last night, the low end of its IPO range. The company was worth around $32 billion at that price.
But once the U.S. consumer investing and trading app began to allow investors to trade its shares, they went down sharply, off more than 10% in the first hours of its life as a floating stock. Robinhood recovered some in later trading, but closed the day worth $34.82 per share, off 8.37%, per Yahoo Finance.
Robinhood’s stock drops 8% in its first day’s trading
Jul 29, 2021, 9:38pm UTC
https://techcrunch.com/2021/07/29/robinhoods-stock-drops-8-in-its-first-days-trading/
> Robinhood priced its public offering at $38 per share last night, the low end of its IPO range. The company was worth around $32 billion at that price.
> But once the U.S. consumer investing and trading app began to allow investors to trade its shares, they went down sharply, off more than 10% in the first hours of its life as a floating stock. Robinhood recovered some in later trading, but closed the day worth $34.82 per share, off 8.37%, per Yahoo Finance.