Robinhood Markets was expected to make a muted debut on the stock market after the popular American trading platform priced its multibillion-dollar flotation at the bottom of the expected range for its shares amid predictions of a lacklustre start to trading. Early indications suggested shares in the California-based business would open today on the Nasdaq exchange flat on their $38 listing price, which had been set late on Wednesday night. SponsoredIt came after the initial public offering valued the company at $31.8 billion and raised $2.1 billion for the group. Yet while the listing had been highly anticipated, the IPO came in at the low end of the $38 to $42-a-share range that had been set during the sale process, indicating lukewarm investor demand for

Source: The Times July 29, 2021 15:56 UTC