Robinhood I.P.O.: Shares Fall 8.4%

The stock opened at $38, the same as its I.P.O. price. The price’s drop was a sign of investor hesitancy over a company that has attracted regulatory scrutiny.The stock opened at $38, the same as its I.P.O. price. The price’s drop was a sign of investor hesitancy over a company that has attracted regulatory scrutiny.

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