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Robinhood Fell Below Offer Price On The First Day Of Listing On NASDAQ

Summary: With an opening price of $38 per share and a valuation of approximately $32 billion, stock and crypto trading broker Robinhood broke its offer price on the first day of listing on Nasdaq.  After HOOD falling as much as 10% to close to $35, Robinhood's market value shrank to approximately $29 billion.  As of press ...

With an opening price of $38 per share and a valuation of approximately $32 billion, stock and crypto trading broker Robinhood broke its offer price on the first day of listing on Nasdaq. 

After HOOD falling as much as 10% to close to $35, Robinhood's market value shrank to approximately $29 billion. 

As of press time, HOOD's decline narrowed to 4.39%, and the trading price was around $36.33.

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