Robinhood Markets fails to get much love from retail investors at debut

Robinhood Markets Inc. suffered a lukewarm reception at its stock market debut from individual investors, the very group of customers courted by the popular trading app for long-term growth.
 

Retail investors net bought shares worth $18.9 million in the zero-fee trading platform on its listing day, according to data from Vanda Securities Pte. That pales before those of initial public offerings from other high-profile firms such as Chinese ride-hailing giant Didi Global Inc. and the world’s top cryptocurrency exchange Coinbase Global Inc.

Didi attracted $69 million from amateur investors on its first day of trading, with Coinbase bagging $57.4 million.