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Robinhood has the worst debut ever for IPO of its size

MONEYWEB
app instead?
Makes listing history for the wrong reasons.
By Drew Singer, BloombergÂ
30 Jul 2021
06:32
Baiju Bhatt and Vlad Tenev pose in Times Square on Robinhood Markets IPO Listing Day on July 29, 2021 in New York City. Image: Bloomberg
Robinhood Markets wanted to make history with its initial public offering, and now it has — for the wrong reason.
Shares in the broker behind the meme-stock revolution fell 8.4% below the IPO price in the companyâs first trading session. Thatâs the worst debut on record among 51 US firms that raised as much cash as Robinhood or more, according to data compiled by Bloomberg.

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From Goldman to SEC: Gensler's Next Stop Worries Wall Street

“The sheriff is coming to the preeminent financial regulator in the world,” said Justin Slaughter, a consultant at Mercury Strategies who previously worked at the CFTC. “It means regulation and enforcement are about to get much tougher.”

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Worrisome News for Precious Metals

Worrisome News for Precious Metals
numismaticnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from numismaticnews.net Daily Mail and Mail on Sunday newspapers.

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