{"id":46937,"date":"2021-07-30T09:25:55","date_gmt":"2021-07-30T06:25:55","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46937"},"modified":"2025-09-01T18:53:35","modified_gmt":"2025-09-01T15:53:35","slug":"robinhoods-stock-market-debut-among-the-worst-in-the-united-states","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/robinhoods-stock-market-debut-among-the-worst-in-the-united-states\/","title":{"rendered":"Robinhood&#8217;s stock-market debut among the worst in the United States"},"content":{"rendered":"<p>Robinhood Markets&#8217; shares, the eponymous app for trading securities and cryptocurrencies, finished the first day of trading on Nasdaq down 8.37% from the IPO price <span data-descr=\"initial public offering\" class=\"old_tooltip\">IPO<\/span>.<\/p>\n<p>According to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-07-29\/robinhood-flirts-with-worst-debut-ever-for-ipo-of-its-size\">Bloomberg<\/a>, this is the worst performance among 51 companies that attracted at least comparable capital to Robinhood.<\/p>\n<p>In this regard, the platform eclipsed MF Global&#8217;s record decline of 8.2% on its first day after the IPO. The shares of another participant on this list \u2014 Uber \u2014 fell 7.6%.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"802\" height=\"433\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-510.png\" alt=\"Robinhood's stock market debut among the worst in the United States\" class=\"wp-image-144219\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-510.png 802w, https:\/\/forklog.com\/wp-content\/uploads\/1-510-300x162.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1-510-768x415.png 768w\" sizes=\"auto, (max-width: 802px) 100vw, 802px\" \/><figcaption>Data: Bloomberg.<\/figcaption><\/figure>\n<\/div>\n<p>The HOOD ticker closed the day at $34.82. Market capitalization stood at $29 billion.<\/p>\n<p>Earlier the company <a href=\"https:\/\/forklog.com\/en\/news\/robinhood-sets-ipo-share-price-at-38\">established<\/a> the starting price for trading the shares at $38. The offering was expected to raise about $1.89 billion in proceeds and value the company at around $32 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are all investors \ud83d\udd14 <a href=\"https:\/\/t.co\/ZGv0bkElBG\">pic.twitter.com\/ZGv0bkElBG<\/a><\/p>\n<p>\u2014 Robinhood (@RobinhoodApp) <a href=\"https:\/\/twitter.com\/RobinhoodApp\/status\/1420801798424649735?ref_src=twsrc%5Etfw\">July 29, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In an interview with CNBC, Robinhood co-founder Vlad Tenev urged not to dramatise the situation.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;We are building a long-term business. You should ignore these short-term fluctuations&#8221;<\/em>, he said.<\/p>\n<\/blockquote>\n<p>Tenev stressed that the company aims to broaden its product line, which will drive growth for decades.<\/p>\n<p>Earlier he announced adding a crypto wallet to the service. According to the media, the decision <a href=\"https:\/\/decrypt.co\/75026\/robinhood-vs-coinbase-the-coming-clash\">\u043e\u0431\u0435\u0441\u043f\u0435\u0447\u0438\u0442 \u0434\u043e\u0441\u0442\u0443\u043f<\/a> to assets and DeFi services.<\/p>\n<p>In May, Chief Operating Officer Kristin Brown, who heads the company&#8217;s cryptocurrency division, said that in the app <a href=\"https:\/\/forklog.com\/en\/news\/robinhood-to-add-option-to-withdraw-crypto-assets\">the ability to withdraw<\/a> digital assets to external wallets would be available.<\/p>\n<p>In July it was reported that Robinhood <a href=\"https:\/\/forklog.com\/en\/news\/bloomberg-robinhood-tests-feature-to-shield-crypto-investors-from-volatility\">is developing<\/a> measures to protect users from the volatility of the cryptocurrency market.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Robinhood Markets&#8217; stock, the eponymous app for trading securities and cryptocurrencies, closed its Nasdaq debut down 8.37% from the IPO price.<\/p>\n","protected":false},"author":1,"featured_media":46938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[768,1234,1211],"class_list":["post-46937","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nasdaq","tag-robinhood","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"21","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=46937"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46937\/revisions"}],"predecessor-version":[{"id":46939,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46937\/revisions\/46939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/46938"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=46937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=46937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=46937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}