Redditors are pledging to stay clear of Robinhood’s IPO, even as the enterprise goes out of its way to entice day-trader curiosity

All Posts in "pledging"

Redditors are pledging to stay clear of Robinhood’s IPO, even as the enterprise goes out of its way to entice day-trader curiosity

Robinhood app investing retail traders — The Robinhood Marketplaces logo is viewed on a smartphone and a personal computer display screen.
Picture Illustration by Rafael Henrique/SOPA Illustrations or photos/LightRocket by using Getty Photographs

Reddit investors are shunning the strategy of investing in Robinhood’s forthcoming IPO.
Robinhood submitted for an IPO Thursday and pledged to reserve up to 35% of shares for retail traders.
“Just forget Robinhood altogether. Let them go down in lawsuits and loss of buyer base.”

Robinhood would like the retail crowd to purchase into its initial public offering, but some buyers on Reddit are pledging to stay away from the IPO.

The investing app, which launched in 2013 with the mission to “democratize finance for all,” publicly filed for an IPO Thursday. The business said it prepared to make 20%-35% of its shares obtainable to retail investors via the IPO Accessibility function in its app. Luring retail investors could lead to price