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.
*The article has been translated based on the content of https://www.dv.ee/ by www.dv.ee. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!