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Robinhood surges 24pc to surpass IPO price for first time

Bailey Lipschultz

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New York | Wall Street’s lacklustre welcome for Robinhood Markets didn’t last long.

Shares of the popular trading app, which gained prominence when legions of stuck-at-home amateurs turned investing into a hobby, soared 24 per cent to $US46.80 on Tuesday (Wednesday AEST). The move came as more than 88 million shares changed hands, larger than the trading volume for Friday and Monday combined.

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    Original URL: https://www.afr.com/technology/robinhood-surges-24-per-cent-to-surpass-ipo-price-for-first-time-20210804-p58fnq