Robinhood share takes rollercoaster ride after market debut
Robinhood Markets Inc, the trading platform which got a lot oflight amid the GameStop saga, shares plummeted more than 10% after opening flat onthe Nasdaq on Thursday, valuing the online brokerage at over $28 billion
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Published - Jul 29, 2021, 08:14 PM ET
Last Updated - Jun 05, 2024, 12:06 AM EDT
By Ishika Dangayach, 2:30 PM ET
Robinhood Markets Inc, the trading platform which got a lot oflight amid the GameStop saga, shares plummeted more than 10% after opening flat onthe Nasdaq on Thursday, valuing the online brokerage at over $28 billion.
Shares of the company opened at $38 and fell to a lowof $33.35. The company has regained some of its losses and is currentlytrading at $36, down roughly 5% from its offer price around 2:16 PM ET.
The firm, arguably the breakthrough financial technologystartup of its time priced its IPO on Wednesday and garnered $2.1 billion.
