Robinhood reported a huge loss for the second quarter and warned of lower revenues for the third quarter, citing seasonal headwinds and lower trading activity.
Robinhood is one of the most mentioned stocks on Reddit's WallStreetBets with nearly 2,000 mentions and Twitter with 61 comments over the past 24 hours.
The global market for initial public offerings was off to a great start this year and is still running hot. There have been 250 IPOs priced this year, up 190.7% from last year.
IPOs are always an interesting asset class as there is considerable upside but it comes with more risk. Recently, IPOs have underperformed, but it could be an opportunity to add two high-quality ones -...
The U.S. IPO market set another milestone in the second quarter with 113 IPOs raising $39.9 billion, marking the busiest quarter in over two decades.
The Nasdaq has grabbed the baton and is leading the market higher. If this trend continues, investors should expect the following ETFs to outperform: Renaissance IPO ETF (IPO), Global X Social Media ETF...
Bitcoin gained at par with the SPDR S&P 500 ETF (SPY) this year. However, some concerns may keep the returns of the bitcoin checked in the second half.
Some of the blockbuster IPOs of this year include South Korean e-commerce firm Coupang, cybersecurity firm Darktrace, and cryptocurrency exchange Coinbase Global.
The U.S. IPO raised $171 billion so far this year, surpassing last year's record of $168 billion and breaking the annual 2020 record within less than six months.
With COVID-19 vaccination taking momentum, the outlook for large U.S. companies' corporate actions is looking bright.