The Robinhood IPO Is Here. But There Are Doubts About Its Future
State and federal regulators have launched numbers probes of the popular stock trading app, just as it hopes institutional investors and its own users will buy up its stock.
Depending on whom you ask, the stock trading app Robinhood has either democratized Wall Street trading or launched a generation of unsavvy investors who have become addicted to the promise of quick cash.
The tension looms as Robinhood is set to make its debut on the Nasdaq on Thursday under the symbol HOOD, raising the profile of a company that has become a household name during the pandemic â while also attracting intense regulatory scrutiny.
On Wednesday, Robinhood told its users that it is pricing its initial public offering (IPO) at
