Crypto-friendly app Robinhood loses 8% in public Nasdaq debut

by Aurelia Butler 30 July 2021, 11:40 99 Views

Robinhood’s HOOD stock tumbled 8.4% below the IPO price in the company’s first trading session on July 29, dropping from $38 to $34.82. The company went public on Nasdaq at a $32 billion valuation to see its market capitalization fall to $29 billion after the HOOD stock ended the session below $35.

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Source: Cryptocurrency - investing.com

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Crypto-friendly app Robinhood loses 8% in public Nasdaq debut

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