Robinhood Shares Fall as Much as 12% in Trading Debut

The transcript discusses Robinhood's IPO, highlighting its initial trading performance and the retail allocation strategy. It includes an interview with CEO Vlad Tenev, who emphasizes a long-term focus despite a muted debut. The discussion covers investor sentiment, flipping restrictions, and comparisons with other IPOs. The role of underwriters and the future of IPOs in the fintech space are also explored.

What was the initial IPO price of Robin Hood shares?

• $40.00

• $38.00

• $35.33

• $30.00

What percentage of shares was Robin Hood planning to allocate to its own customers?

• 10% to 15%

• 5% to 10%

• 20% to 35%

• 30% to 40%

Which company is mentioned as having experienced volatility similar to Robin Hood?

• Uber

• Slack

• Spotify

• Coinbase

What is the penalty for retail investors who sell their shares before 30 days?

• Loss of shares

• No penalty

• Restriction from future IPOs

• A fine

Which banks led the underwriting process for Robin Hood's IPO?

• Sophie and Robin Hood

• JP Morgan and Morgan Stanley

• Morgan Stanley and Goldman Sachs

• Goldman Sachs and JP Morgan

What is the expected change in the IPO process in the next 5 to 10 years?

• More traditional IPOs

• Less involvement of retail investors

• Extraordinary changes due to new players

• No significant changes

Which company was notably left out of Robin Hood's IPO underwriting process?

• Goldman Sachs

• Morgan Stanley

• Sophie

• JP Morgan