Robinhood CEO and co-founder Vlad Tenev and co-founder Baiju Bhatt in New York on Thursday.
Photo:
Amir Hamja for The Wall Street Journal
By
Telis Demos
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Telis Demos
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@telisdemos
Telis.Demos@wsj.com
July 29, 2021 5:54 pm ET
There were warning signs that
Robinhood’s
HOOD -8.37%
men and women weren’t going to be so merry on Thursday.
Leading up to its trading debut, Robinhood priced its shares at the bottom of its pre-IPO range and didn’t maximize the potential allocation to its own customers. Instead of as much as 35%, they received around 20% to 25% of the shares, according …
