Robinhood’s upcoming initial public offering (IPO) is set to be valued at $35 billion USD, could this help explain AMCs drop of 45 % these last couple of weeks? The stock will be trading under the symbol NASDAQ:HOOD, and is looking to sell 55 million shares ranging from $38 to $42 USD per share. The company anticipates revenue will be lower in the 3rd quarter compared to the 2nd of 2021, as investors speculate whether the company is really worth the upcoming valuation. The company is expected to make its public debut by the end of next week.
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