{"id":78916,"date":"2021-07-29T03:31:48","date_gmt":"2021-07-29T07:31:48","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=78916"},"modified":"2021-07-29T03:19:42","modified_gmt":"2021-07-29T07:19:42","slug":"robinhood-valued-at-32-billion-after-selling-shares-in-ipo-at-38-per-share","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/07\/2021\/robinhood-valued-at-32-billion-after-selling-shares-in-ipo-at-38-per-share.html","title":{"rendered":"Robinhood valued at $32 billion after selling shares in IPO at $38 per share"},"content":{"rendered":"\n<p>(CNBC) Robinhood, whose stock trading app has <a href=\"https:\/\/www.cnbc.com\/2021\/07\/28\/robinhood-starts-trading-thursday-heres-everything-investors-need-to-know.html\">surged in popularity<\/a> among retail investors, <a rel=\"noreferrer noopener\" href=\"https:\/\/www.globenewswire.com\/news-release\/2021\/07\/29\/2270831\/0\/en\/Robinhood-Markets-Inc-Announces-Pricing-of-Initial-Public-Offering.html\" target=\"_blank\">sold shares<\/a> 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. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2021\/07\/28\/robinhood-valued-at-32-billion-after-selling-shares-in-ipo-at-38-per-share-source-says.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(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 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-78916","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=78916"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78916\/revisions"}],"predecessor-version":[{"id":78917,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/78916\/revisions\/78917"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=78916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=78916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=78916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}