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Robinhood Prices Its IPO At $38 A Share
Summary: Robinhood Markets Inc. priced its initial public offering at $38 a share, according to Wall Street Journal. The price chosen by the company and its underwriters is at the bottom of the range of $38 to $42 a share they had been targeting. Robinhood has said it and some executives would sell 55 million shares, ...
Robinhood Markets Inc. priced its initial public offering at $38 a share, according to Wall Street Journal. The price chosen by the company and its underwriters is at the bottom of the range of $38 to $42 a share they had been targeting.
Robinhood has said it and some executives would sell 55 million shares, so the offering should yield more than $2 billion.Robinhood will make Thursday on the Nasdaq stock exchange under the symbol HOOD.
By Amy Liu
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