Author: atans1
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Thaz what the IPO of Robinhood did last night in NY. The IPO for a windfall for its executives and investors. Whe, trading ended, the co-founders were billionaires, notwithstanding the fall from the IPO price. Too bad for those retail investors who got IPO shares at US$38.
Robinhood, a trading app used by small investors to buy and sell stocks, had a bumpy first day as a public company. Its shares, priced at the lower end of its target range, quickly fell by more than 10% before closing 8.4% down. Unusually, the company had allowed its users to buy up to a third of its shares before trading began.
Economist Expresso
Bit like our PAP govt: “Feared by the poor, Loved by the rich”. Not “Feared by the bad, Loved by the good,” as the Ballad of Robin Hood goes (see bslow). But then the millionaire ministers know that the “rich” are “good” and the “poor” are “bad”.
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Ballad of Robin Hood
Robin Hood, Robin Hood, Riding through the glen
Robin Hood, Robin Hood, With his band of men
Feared by the bad, Loved by the good
Robin Hood, Robin Hood, Robin Hood
He called the greatest archers to a tavern on the green
They vowed to help the people of the king
They handled all the trouble on the English country scene
And still found plenty of time to sing
Robin Hood, Robin Hood, Riding through the glen
Robin Hood, Robin Hood, With his band of men
Feared by the bad, Loved by the good
Robin Hood, Robin Hood, Robin Hood