B Minus.
That’s my letter grade for the Robinhood IPO.
You can say whatever you want about the lack of a pop. But in the end, their employees and investors are now liquid to monetize some of their shares at an incredibly high valuation, their users were able to participate in the deal – in size – and, fairly importantly, they managed to raise over $2 billion, which is still real money.
Michael, Ben and I…
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https://diyinvestorresources.com/?p=87
