{"id":310882,"date":"2021-07-29T08:25:19","date_gmt":"2021-07-29T05:25:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/robinhood-sets-its-share-price-at-38-a-pop\/"},"modified":"2021-07-29T08:25:19","modified_gmt":"2021-07-29T05:25:19","slug":"robinhood-sets-its-share-price-at-38-a-pop","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/robinhood-sets-its-share-price-at-38-a-pop\/","title":{"rendered":"#Robinhood sets its share price at $38 a pop"},"content":{"rendered":"

“#Robinhood sets its share price at $38 a pop<\/strong>”
\n<\/p>\n

Online trading company Robinhood is set for its initial public offering (IPO) on the New York Stock Exchange later today. The company has listed its share price at $38, marking the firm for a $32 billion valuation.<\/p>\n

Robinhood is offering a total of 55,000,000 shares of its class A common stock. Apart from stocks from the company, this lot also contains\u00a02,625,000 shares from existing shareholders, and\u00a05,500,000 for underwriters with a 30-day option.\u00a0<\/span><\/p>\n

In May, the company unveiled a new platform to let you can buy into IPOs of other firms. Robinhood plans to offer almost a third of its own IPO shares to its users through that medium.<\/p>\n

One of the most controversial moments for the company came in earlier this year, when it had to stop trading Game<\/a>stop stocks briefly,\u00a0after a bunch of Reddit<\/a>ors caused its price to surge. This invited a lot of scrutiny from the US politicians\u00a0concerned with abusive financial practices, including<\/span>\u00a0Alexandria Ocasio-Cortez and Ted Cruz<\/a>.<\/p>\n

Robinhood also had to face a $70 million fine<\/a> for different outages and misleading its customers about trading margins in June.<\/p>\n

Apart from the controversies, the firm has had a blockbuster year, as its users have surged from 11.7 million users in December to 23.1 million users in June.<\/p>\n<\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n

\n

If you want to read more like this article, you can visit our Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Robinhood sets its share price at $38 a pop” Online trading company Robinhood is set for its initial public offering (IPO) on the New York Stock Exchange later today. The company has listed its share price at $38, marking the firm for a $32 billion valuation. Robinhood is offering a total of 55,000,000 shares of…<\/p>\n","protected":false},"author":1,"featured_media":310883,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/hardfork?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2021\/07\/Robinhood.jpg&signature=576b0b21943d4efd35aaf09bb6f7c060","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-310882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/310882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=310882"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/310882\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/310883"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=310882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=310882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=310882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}