Why didn’t Robinhood “shoot”?

On Wednesday, online broker Robinhood went public and its shares collapsed on the first day. Why didn’t the IPO, which was one of the most anticipated among retail investors a year ago, go off? Investment expert Fuad Rasulov explains.

Just a year ago, Robinhood’s client base was growing as if there were no other brokers in the world. This was facilitated not only by the possibility of trading with zero commission, but also by the pandemic that locked investors in their homes, triggering an investment boom. An account opening champion who registered a million accounts in the best months, the leader of the retail sector goes public – it would seem, what could be better? However, Robinhood shares lost roughly 13% from their peaks in just two trading days. Something went wrong?

Source: https://www.dv.ee/ by www.dv.ee.

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