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#Robinhood IPO

Robinhood reveals new regulatory probes on the eve of its blockbuster IPO

Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street’s powerful self-regulator, the online trading platform announced Tuesday. News of the probe comes more than five months after CNN Business reported that Tenev, the public face of Robinhood, is not registered with FINRA,...
BUSINESS
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morningstar.com

Robinhood Poised for What Could Be a Volatile IPO

High levels of interest from retail investors in Robinhood’s IPO could make for a highly volatile public debut for the company. Robinhood has been no stranger to the spotlight since the launch of its trading app in 2015. The company has been a disruptor in the fintech space: The discount brokerage’s mission to democratize investing, its streamlined platform, and zero minimums has made it popular among younger investors. Its no-commission model has forced competitors to follow suit.
BUSINESS
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The Verge

Robinhood’s IPO roadshow answered questions I wasn’t asking

“What’s your favorite planet?” is a real question that Robinhood execs really picked to answer during the Q&A section of its retail investor roadshow. “Definitely Pluto,” says long-haired CEO Vlad Tenev. He is having a good time. He goes on to explain that there will be a great view of Venus tonight after sunset.
BUSINESS
marketplace.org

Robinhood’s IPO: The app that popularized meme stocks goes public

It’s a big moment for initial public stock offerings. Thirty companies are expected to go public this week, including language-learning platform Duolingo, produce seller Dole and grill maker Traeger. But one of the most closely watched debuts will be that of Robinhood, the online brokerage whose popular app provides retail investors with commission-free trading.
BUSINESS
CNBC

Thinkorswim co-founder expects an 'aggressive' yet smooth Robinhood IPO

Online brokerage pioneer and trader Tom Sosnoff told CNBC on Tuesday he expects Robinhood's imminent public listing to go well this week. "I think the Robinhood IPO is going to be pretty aggressive, and I think it's going to go quite smoothly," said Sosnoff, who in 1999 co-founded electronic trading brokerage Thinkorswim.
BUSINESS
Bloomberg

Robinhood Prices IPO at Bottom of Marketed Range

Robinhood Markets Inc. priced its initial public offering at the low end of a marketed range to raise $2.1 billion in a muted showing for one of the year’s most highly anticipated listings. The trading app company and some of its investors sold 55 million shares Wednesday for $38 each,...
STOCKS

Why gamified trading is good for the stock market

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. Robinhood, the company whose stated mission is to democratize finance, is expected to launch its IPO on Thursday. Its customer base is skewed toward young, first-time stock traders who are often derided for applying their gamer style to the market.
STOCKS
Forbes

Robinhood IPO: Still A Bad Bet For Investors With Alarming Risk

This report updates my July 15, 2021 report for Robinhood’s newly disclosed IPO price range of $38-$42/share. Robinhood Markets Inc. (HOOD) is expected to debut as a public company on July 29, 2021. At an expected IPO valuation of roughly $35 billion, Robinhood earns an unattractive rating. With Robinhood’s expected...

Robinhood IPO A Referendum On Trading ‘Gamification’

Robinhood’s trading debut marks a referendum on the company’s “gamification” niche on Wall Street, or on the platform economy, or initial public offerings (IPOs) in general …. ... or maybe all of the above. To that end, coming into Thursday (July 29), Robinhood had priced its shares at the lower...
MARKETS

Many 'apes' on Reddit are sitting out the Robinhood IPO

New York (CNN Business) — Robinhood's initial public offering is arguably the most eagerly awaited of the year. But according to commentary on Reddit, it's one of the least popular for some traders. There appear to be a lot of angry individual investors — the so-called apes of Reddit —...
MARKETS
Street.Com

Robinhood IPO Is More Important Than Any Earnings Report, Cramer Says

This isn’t your typical IPO roadshow. Instead of the conventional virtual roadshow, geared toward the big banks and major hedge funds behind closed doors, Robinhood live-streamed its event for the general public. Robinhood plans to sell as much as 35% of its shares, or $770 million worth, directly to the...
STOCKS
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