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7/29, 6:26 PM (Source: TeleTrader)
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Robinhood debuts at $38 per share at $32B market cap

Robinhood Markets Inc., the company behind the popular stock trading app, made its public debut on the Nasdaq on Thursday at $38 per share, right in line with its IPO price for a market capitalization of $32 billion. The company's shares debuted at the lower end of its $38 to $42 price range.

Trading under the ticker HOOD, Robinhood markets itself as a company dedicated to democratizing stock trading and was at the center of the GameStop short squeeze earlier this year.

Shares of Robinhood dropped 9.05% to $34.56 at 12:36 pm ET following its Nasdaq debut.

Breaking the News / JC