The broker got people excited about investing. But it has also been at the centre of unease about the retail revolution, which peaked during the speculative frenzy in GameStop
IT WOULD BE hard for a firm that describes itself as “democratising investing” to go public in any other way. When Robinhood lists on the Nasdaq on July 29th institutional investors will, as is usual, be able to buy and trade shares on the exchange. Less conventionally, the retail-trading platform will also sell a third of the shares in itself to its customers.
For decades retail investors were overlooked and underserved. The rich might have dabbled in trading stocks directly, but most workers earned defined-benefit pensions, which kicked any portfolio-management decisions to pension-fund managers. The transition to self-directed 401K retirement plans, registered investment advisers and retail brokers was at first accompanied by wide trading spreads and meaty fees.
Lower costs for investors are a laudable thing. At Robinhood’s roadshow Mr Tenev claimed that his firm helped people buy shares in firms they love and got them excited about investing. By the broker’s reckoning, half of all brokerage accounts opened in America since 2015 have been set up through its platform. But Robinhood has also been at the centre of unease about the retail revolution, which peaked during the speculative frenzy in GameStop, a struggling video-game retailer, earlier this year.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
What to Know About Robinhood’s IPOInvesting in an initial public offering is different from buying stocks or an index fund. Here's what you need to know about Robinhood's hotly anticipated IPO.
Leer más »
Here’s How to Buy Shares in the Robinhood IPOWant to buy shares in the Robinhood IPO? You'll have to go to the company itself.
Leer más »
Here are the highlights from Robinhood's virtual roadshowDespite warning of a potential slowdown in the retail trading boom, Robinhood is bullish on the future of individual investing.
Leer más »
Hellman & Friedman's Patrick Healy on how long this IPO boom can lastPatrick Healy, CEO of private equity firm Hellman & Friedman, discusses whether this environment signals a sustainable shift away from privatization.
Leer más »
IPOs are on track for a record year as companies cash in on sky-high stock pricesSo far in 2021, proceeds from U.S. IPOs have reached $89 billion, a 232% jump from last year's level, according to data from Renaissance Capital.
Leer más »
Eli Roth Spotlights Mass Slaughter Of Sharks With Discovery+ Doc ‘Fin’While filmmaker Eli Roth (Cabin Fever, Hostel) has long enjoyed provoking audiences with his horror films, he’s found no such satisfaction in the case of his latest feature Fin, which documen…
Leer más »