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
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.