Robinhood Markets Inc.’s bid to revolutionize IPOs has created losses for investors instead, after one of the year’s most highly anticipated listings fell flat.
In a regulatory filing in early July, the trading platform’s co-founders said they would open their initial public offering to customers on equal terms with institutional investors. They said they recognized it may be the first IPO many would participate in, and pledged to “never sacrifice the safety of our customers’ money.”
It now appears Robinhood’s commitment to “democratizing” the IPO process played a role in the offering’s big initial stumble …
Related posts:
: IMF warns ‘cryptoization’ of emerging economies could threaten growth, financial stability
NewsWatch: The biggest risk facing investors this earnings season is lurking just beneath the surfac...
: Mortgage rates jump above 3%, creating pressure for home buyers
They Want to Hand Your Kid a Debit Card. What Do You Do?
