Robinhood shares began trading Thursday under the ticker HOOD, opening on the public markets at $38 per share. The shares had also been priced at $38.
In the first half hour, the stock dropped around 5% to around $36.
The stock was expected to be priced between $38 and $42, coming in at the lower end of the range, and giving the company a valuation of $32 billion.
The investing app offers a simple and mobile-first way for investors to buy stocks, ETFs, and even cryptocurrency and played a…
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