Jay Ritter
Cordell Eminent Scholar Jay Ritter

Robinhood stumbles in Wall Street debut

The fast-growing trading company finished Thursday at $34.82, down 8% from its initial public offering price. Only about a quarter of US IPOs have dropped during their first day of trading, excluding blank-check companies, according to Cordell Eminent Scholar Jay Ritter from the University of Florida.

Read more of Ritter’s insights in these stories:

Robinhood stumbles in Wall Street debut – CNN

Why Robinhood stock fell 8% in its trading debut – Barron’s

Robinhood has long championed small investors. But its IPO pounded them – Fortune