Share this article
Robinhood Falls in Trading Debut
Shares of the popular zero-commission trading app opened down as much as 10% on Thursday before closing the day down 8.4%.
By Nelson Wang
Updated Sep 14, 2021, 1:32 p.m. Published Jul 29, 2021, 5:04 p.m.
Shares of stock trading app Robinhood closed down more than 8% in its stock market debut on Thursday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Shares priced on Wednesday evening at $38 a share, towards the low end of its trading range and valuing the company at $32 billion. The company sold 52.4 million shares and raised $1.89 billion.
- Trading was volatile at the start and shares initially fell as much as 10%. The stock recovered some of those losses before again drifting lower, finishing the day down 8.4% to $34.82. The company is trading on the Nasdaq under the ticker symbol HOOD.
- The company has significant crypto ambitions, with 17% of its overall revenue coming from crypto transactions in the first quarter of the year. Customers can currently buy and sell bitcoin, ether and dogecoin.
- Robinhood unconventionally offered a portion of its initial public offering to users via its app, a strategy some consider to be a risky gamble.
UPDATE (July 29, 20:21 UTC): Updated with final closing price.
Read more: Robinhood Under Investigation for Finra Registration Violation
Di più per voi
Cosa sapere:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Di più per voi
XRP price weakens at critical level, raising risk of deeper pullback
Cosa sapere:
- XRP broke below the $1.93 support zone, signaling increased selling pressure and market repositioning.
- Trading volume surged to 246% above the 24-hour average, indicating significant participation from larger market players.
- The price remains under pressure below $1.88, with $1.93 now acting as resistance.
Top Stories
