SAN FRANCISCO — Robinhood helped propel a “meme stock” frenzy this year that sent share prices of small companies on a roller-coaster ride. On Thursday, its own initial public offering was far more subdued.Shares in the stock-trading start-up opened trading at $38, the same price as its offering, but then fell as much as 11 percent. They ended the day down 8.4 percent at $34.82, valuing the company at $29 billion and showing that investors were skeptical of Robinhood’s grand mission of upending Wall Street.Robinhood’s free stock-trading service has helped create the conditions for wild trading gyrations in meme stocks, driven by …
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