It means people who buy into the stock could be in for a bumpy ride, Robinhood said in the section of the filing outlining its IPO risks. This begs the natural question: Why is Robinhood opening itself up this risk? A lot of users were upset when Robinhood -- facing a margin call -- halted trading earlier this year of popular stocks causing some of them to book big losses. “They’re the foundation of the meme stock trading," Hanks said. “I’m not too sure people with access to the IPO through the platform would be very interested."

Source: Mint July 01, 2021 21:22 UTC