Market debut IPO: Robinhood Markets

Robinhood Markets (NASDAQ: HOOD) has debuted on the New York Stock Exchange today.

Following its debut, shares of Robinhood Markets fell 12% to US$34.82/share.

An increase in listing price is a vote of confidence from the market about the future prospects of the company.

A decrease in the listing price can be interpreted in a number of ways, including whether the IPO was accurately priced.