Investing
Robinhood Gave Its Customers Access to IPOs That All Flopped
- All 23 IPOs opened up to customers declined by double-digits
- Robinhood’s stock, down by more than two-thirds, is among them
Vlad Tenev, chief executive officer and co-founder of Robinhood Markets Inc., during an interview at the company's headquarters in Menlo Park, California.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Robinhood Markets Inc. Chief Executive Vlad Tenev was fielding questions on the company’s latest earnings call when one person asked about a dormant project.
When, the caller wanted to know, would Robinhood resume letting customers invest in initial public offerings?