(CNBC) Robinhood, whose stock trading app has surged in popularity among retail investors, sold shares in its IPO at $38 a piece, valuing the company at about $32 billion. Ahead of its Nasdaq debut on Thursday, Robinhood priced shares at the low end of the $38 and $42 range. The company, which will trade under ticker symbol HOOD, sold 52.4 million shares, raising close to $2 billion.
Robinhood valued at $32 billion after selling shares in IPO at $38 per share
This entry was posted in Syndicated. Bookmark the permalink.
