Robinhood’s Debut Drop Threatens Record Year’s IPO Pipeline
- Trading app drops while Clarios, two others delay listings
- Grill maker Traeger’s first-day pop shows at-home is still hot
Robinhood founders Baiju Bhatt, right, and Vlad Tenev in New York on July 29.
Photographer: Spencer Platt/Getty Images
This article is for subscribers only.
Sometimes all it takes to tip the market over from hot to overheating is just one deal.
Following a yearlong streak of blockbuster capital markets transactions, bankers may finally get a breather after Robinhood Markets Inc.’s muted initial public offering and rock slide of a trading debut.