Bloomberg

Robinhood Has the Worst Debut Ever for IPO of Its Size

(Bloomberg) — Robinhood Markets Inc. 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 company’s first trading session. That’s the worst debut on record among 51 U.S. firms that raised as much cash as Robinhood or more, according to data compiled by Bloomberg.It dethroned the 2007 IPO by another brokerage, MF Global Holdings Ltd., as the worst debut among qual

LEAVE A REPLY

Please enter your comment!
Please enter your name here