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8/1, 12:48 AM (Source: TeleTrader)
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Robinhood: Over 300K users bought shares in IPO

Robinhood Markets Inc. said on Saturday that 301,573 of its users bought the company's shares in the app's initial public offering (IPO).

The company debuted on the Nasdaq earlier in the week, opening at $38 per share.

Ahead of the IPO, media reported Robinhood set aside 35% for individual investors, which is much more than companies allocate in IPOs.

Breaking the News / NP