Jay Ritter
Cordell Eminent Scholar Jay Ritter

After IPO, Wall Street weighs in on Robinhood: ‘It’s going to be a roller-coaster ride for that stock’

Originally expected to be one of the hottest IPOs of 2021, Robinhood’s IPO failed to live up to expectations—a sign to some on Wall Street that investors may have been uneasy about the company’s path toward becoming a financial superpower.

It’s not unusual for a newly public stock to struggle on its first day. In fact, about a quarter of operating companies completing IPOs this year have fallen from their offer prices on day one of trading, according to Cordell Eminent Scholar Jay Ritter.

See more of Ritter’s insights in this story from Fortune. [Subscription required.]