Robinhood’s offering is being closely watched, even amid the most frenzied year for listings since the dot-com bubble of 2000. Robinhood’s bankers have said they expect the early trading of the stock to be more volatile than those of other IPOs. The price is at the low end of Robinhood’s initially disclosed range of $38 to $42, in a sign of possible investor hesitance. It raised $1.89 billion from the offering, setting the stage for the company to start trading Thursday under the symbol HOOD. Robinhood priced its initial public offering at $38 a share late on Wednesday, valuing it at $31.7 billion. Stock trading app Robinhood is known for its association with “meme stocks”.
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