Robinhood’s $35 billion IPO is a bet on Gen Z ...Middle East

Quartz - Economy
Robinhood’s $35 billion IPO is a bet on Gen Z
source : Quartz ( Middle East ) () 7
Is Robinhood’s IPO a bargain? It depends on whether Gen Z sticks with the company in the coming years.The upstart brokerage enticed a new generation into trading with its slick app and promise of no commissions, making Robinhood a byword for retail trading in the process. The eight-year-old company’s valuation is reportedly expected to run as high as $35 billion when it starts trading on the Nasdaq exchange on July 29.Is Robinhood’s stock price a good deal?Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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