IPOs
Robinhood’s Race to Seize Its Moment Faces a Harsh Reality
- The company’s shares fell again on Friday after public debut
- Bankers had been conservative with pricing for days before IPO
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It was supposed to be a triumph for today’s memeified markets -- a validation for all those amateurs who took on the Wall Street pros.
Instead, the public debut for Robinhood Markets Inc. turned out to be an embarrassment for the company that’s become synonymous with the rise of individual investors.