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Robinhood stock gets off to rocky start

Robinhood stock gets off to rocky start Getty Images for Robinhood By Matt Egan, CNN Business Wall Street didn’t exactly roll out the red carpet to welcome Robinhood after its highly anticipated debut. The fast-growing trading company finished Thursday at $34.82, down 8% from its initial public offering price. Robinhood failed to score the first-day pop that new companies covet. And that’s despite Robinhood pricing its IPO at $38, the low end of the expected range. All of this suggests demand is somewhat lukewarm for Robinhood, a company that has revolutionized the way Americans trade but has also been dogged by controversy.

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IPO market may be close to peak | Business | The Journal Gazette

Associated Press Vladimir Tenev, CEO and co-founder of Robinhood, walks on Wall Street after his company s IPO at Nasdaq on Thursday. Robinhood is selling its own stock on Wall Street, the place the online brokerage has rattled. Previous Next Friday, July 30, 2021 1:00 am IPO market may be close to peak 2nd-quarter valuations hit 20-year high Associated Press Low interest rates and hefty returns have driven record demand for IPOs, but with valuations for newly public companies now at levels last seen during the dot-com bubble, some analysts are raising concerns the boom may be nearing an end. Last quarter was the U.S. s biggest for initial public offerings in more than two decades, with 115 companies raising proceeds of $40.7 billion, according to Renaissance Capital. IPOs also set a record in the first quarter.

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Robinhood stumbles in Wall Street debut

Robinhood stumbles in Wall Street debut Robinhood stumbles in Wall Street debut Posted: Jul 29, 2021 2:11 PM Updated: Jul 29, 2021 2:11 PM Posted By: By Matt Egan, CNN Business Wall Street didn t exactly roll out the red carpet to welcome Robinhood after its highly anticipated debut. The fast-growing trading company finished Thursday at $34.82, down 8% from its initial public offering price. Robinhood failed to score the first-day pop that new companies covet. And that s despite Robinhood pricing its IPO at $38, the low end of the expected range. All of this suggests demand is somewhat lukewarm for Robinhood, a company that has revolutionized the way Americans trade but has also been dogged by controversy.

New yorkUnited statesAlex kearnsJack dorseySean castenGary genslerKathleen smithJay ritterDavid weildAmerica onlineWarnermedia companyUniversity of floridaFinancial industry regulatory authorityExchange commissionSouthwest airlinesGovernment accountability office

Why Robinhood shares fell in their first day of trading — Quartz

Why Robinhood shares fell in their first day of trading — Quartz
qz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from qz.com Daily Mail and Mail on Sunday newspapers.

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How Nestlé, Keurig and Mattel are coping with inflation

How Nestlé, Keurig and Mattel are coping with inflation
kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.

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