Will Robinhood Be a Buy on Its IPO Day?
The do-it-yourself brokerage app Robinhood Markets, which will trade on the Nasdaq exchange with ticker HOOD, has played a pivotal role in the democratization of finance with its low-cost, easy-to-use business model. The firm packs quite a punch with its $80.9 billion of assets under custody -- with customers ready to pull the trigger on the next high-flying stock.
Alongside its achievements, the company is facing lawsuits for limiting buy orders for popular short squeeze stocks. But its value proposition far outweighs its woes -- here's why I think it's a good idea to invest in its IPO.
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Source Fool.com
