Robinhood (HOOD) grinds off lows, now down 5%

Robinhood (HOOD) Continues Lower, Down 9% from Open

July 29, 2021 12:37 PM EDT

Robinhood Markets Inc. (NASDAQ: HOOD) continues lower following IPO open, shares now down 9% to $34.56

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Online brokerage Robinhood open at offer price in Nasdaq debut

July 29, 2021 12:30 PM EDT

(Reuters) - Shares of online brokerage Robinhood Markets Inc, which was at the center of a retail-trading frenzy that gripped Wall Street this year, opened at their offer price of $38 in their Nasdaq debut on Thursday.

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Arun Koyyur)

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Robinhood Markets (HOOD) falls below $37 minutes after opening

July 29, 2021 12:29 PM EDT

Robinhood Markets Inc. (NASDAQ: HOOD) falls below $37 minutes after opening at $38.

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Robinhood (HOOD) IPO Opens Flat

July 29, 2021 12:25 PM EDT

Today's IPO for online broker Robinhood Markets Inc. (NASDAQ: HOOD) opened for trading at $38 after pricing 55,000,000 shares of its Class A common stock at a price to the public of $38.00 per share, the low end of the expected $38-$42 range.

20-25%... More

Explainer-Robinhood makes most of its money from PFOF. What is it?

July 29, 2021 11:59 AM EDT

By John McCrank

NEW YORK (Reuters) - App-based retail brokerage Robinhood Markets Inc was set to make its highly anticipated market debut on the Nasdaq on Thursday.

The brokerage, known for helping pioneer commission-free trading, relied on a controversial practice called payment for order flow (PFOF) for more than three-quarters of its revenue https://www.sec.gov/Archives/edgar/data/1783879/000162828021013318/robinhoods-1.htm in the first quarter.

The U.S. Securities and Exchange Commission is now scrutinizing PFOF over conflicts of interest it says are inherent in the practice.

WHAT IS PFOF?

Retail brokerages send... More

IPO for Robinhood (HOOD) now indicated to open at $38 after pricing at $38

July 29, 2021 11:27 AM EDT

Today's IPO for Robinhood (NASDAQ: HOOD) is now indicated to open at $38 after pricing at $38.

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IPO for Robinhood (HOOD) now indicated to open at $38.06 after pricing at $38

July 29, 2021 11:26 AM EDT

Today's IPO for Robinhood (NASDAQ: HOOD) is now indicated to open at $38.06 after pricing at $38.

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Robinhood CFO says IPO will show merits of letting retail investors in

July 29, 2021 11:20 AM EDT

By David French and Echo Wang

(Reuters) - Robinhood Markets Inc Chief Financial Officer Jason Warnick said he expects its $2.1 billion initial public offering (IPO) will demonstrate the benefits of allocating a significant chunk of stock to retail investors.

The IPO valued the trading app at $31.8 billion, at the low end of its indicated range, and its shares are set to begin trading on the Nasdaq later on Thursday. The offering was notable for Robinhood's... More

IPO for Robinhood (HOOD) now indicated to open at $38.25 after pricing at $38

July 29, 2021 11:20 AM EDT

Today's IPO for Robinhood (NASDAQ: HOOD) is now indicated to open at $38.25 after pricing at $38

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