Bitcoin
$44,004.05+4.02%
Ethereum
$3,113.20+5.87%
XRP
$0.993702+5.57%
Cardano
$2.24+5.00%
Polkadot
$31.28+9.17%
Stellar
$0.297381+6.33%
Dogecoin
$0.223138+5.82%
Chainlink
$24.17+5.72%
Uniswap
$21.39+5.98%
Polygon
$1.21+6.70%
Algorand
$1.91+11.93%
Cosmos
$40.66+21.95%
Litecoin
$159.86+3.30%
Bitcoin Cash
$541.91+3.27%
Wrapped Bitcoin
$44,027.64+3.94%
Filecoin
$73.59+3.21%
The Graph
$0.732170+4.37%
Tron
$0.098120+6.65%
Ethereum Classic
$50.56+5.02%
Tezos
$5.77+15.71%
Aave
$304.10+5.73%
Monero
$248.88+8.91%
NEO
$42.87+7.88%
EOS
$4.29+4.84%
IOTA
$1.39+2.16%
BitTorrent
$0.003475+4.86%
Bitcoin SV
$145.46+1.86%
Maker
$2,530.52+4.34%
Waves
$24.46+2.94%
Dash
$173.62+4.83%
Decentraland
$0.725556+8.96%
Decred
$117.42+5.39%
ICON
$1.67+7.47%
NEM
$0.161245+6.14%
Zcash
$121.17+3.76%
OmiseGO
$9.73+8.49%
Paxos Standard
$1.01-0.86%
NuCypher
$0.292079+3.13%
Yearn Finance
$30,734.73+4.89%
Qtum
$10.62+7.56%
Bitcoin Gold
$55.81+6.14%
Basic Attention Token
$0.700000+8.38%
0x
$0.963449+8.46%
Fetch.ai
$0.730732+10.20%
Bancor
$3.62+4.92%
Ren
$0.815111+4.54%
Kava.io
$5.54+1.99%
Siacoin
$0.016166+6.95%
Band Protocol
$7.89+7.22%
Nano
$5.06+9.48%
Loopring
$0.408025+4.14%
Storj
$1.15+5.45%
Numeraire
$42.57+0.28%
Lisk
$3.05+5.36%
Civic
$0.429297+4.34%
Orchid
$0.349364+4.27%
PAX Gold
$1,773.51-0.54%
Enzyme
$152.51-6.31%
Augur
$21.77+5.74%
Aragon
$5.15+5.13%
district0x
$0.158535+6.81%
Kyber Network
$1.55+4.63%
SingularDTV
$0.001383+3.17%
Tether
$1.00+0.03%
USD Coin
$1.00-0.01%
Dai
$1.00-0.01%

Robinhood Falls in Trading Debut

Shares of the popular zero-commission trading app opened down as much as 10% on Thursday before closing the day down 8.4%.

Jul 29, 2021 at 5:04 p.m. UTC
Updated Sep 14, 2021 at 1:32 p.m. UTC

Shares of stock trading app Robinhood closed down more than 8% in its stock market debut on Thursday.

  • Shares priced on Wednesday evening at $38 a share, towards the low end of its trading range and valuing the company at $32 billion. The company sold 52.4 million shares and raised $1.89 billion.
  • Trading was volatile at the start and shares initially fell as much as 10%. The stock recovered some of those losses before again drifting lower, finishing the day down 8.4% to $34.82. The company is trading on the Nasdaq under the ticker symbol HOOD.
  • The company has significant crypto ambitions, with 17% of its overall revenue coming from crypto transactions in the first quarter of the year. Customers can currently buy and sell bitcoin, ether and dogecoin.
  • Robinhood unconventionally offered a portion of its initial public offering to users via its app, a strategy some consider to be a risky gamble.

UPDATE (July 29, 20:21 UTC): Updated with final closing price.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...