Many stocks performed at IPO, and a few eventually righted themselves — in particular Facebook (FB) and UBER.
The issue with Robinhood (HOOD) is twofold:
1. Can they grow in a post-pandemic envirnoment?
2. Has its valuation as a large 8-year old private company become too rich for the public?
The answer depends on a lot of things, including how they execute their own strategy.
Robinhood’s Disappointing Debut
Source: Bloomberg
Barry Ritholtz, Bloomberg Opinion columnist and Ritholtz Wealth Management chairman and CIO, discusses the disappointing public debut of Robinhood Markets Inc.’s and the rise of the retail trader army.