12/5/2023 0 Comments Robinhood app commercial girl“I expected a pop,” said Jeffrey Colindres-Soto, a 26-year-old from Miami who bought the stock after it began trading. Before it began trading, the company reserved a big chunk of its IPO for its own smaller-pocketed customers instead of big professional firms, part of its mission to “democratize finance.” The moves were particularly sharp for some of Robinhood's customers who bought the stock. Robinhood has created plenty of passion, among users and critics alike, and that polarizing effect played out Thursday, with its shares careened from a gain of 5.9% to a loss of 12.2% within their first hour of trading. At that price, the company is valued at roughly $29 billion, similar to companies like supermarket chain Kroger and steelmaker Nucor, though its heft on the pop-culture landscape may be even weightier.
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