Robinhood shares drop in value on debut.

BANKING AND CREDIT NEWS-July 30, 2021--Robinhood shares drop in value on debut

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Global Banking News - 30 July 2021

Shares in online stock-trading app, Robinhood, dropped in value after an IPO.

After the USD32bn IPO, shares in the firm dropped 10 percent. The drop knocked Robinhood's expected USD32bn valuation to below USD29.4bn.

The firm, which had reportedly gained popularity for its app's ease of use and simplicity, had also found itself...

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