Tuesday, March 18, 2025 | 12:51 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

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

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

Robinhood
Premium

Robinhood (Photo: Bloomberg)

Abhishek Vishnoi & Bailey Lipschultz | Bloomberg
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.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in