[HN Gopher] Robinhood Files Confidentially for U.S. IPO
       ___________________________________________________________________
        
       Robinhood Files Confidentially for U.S. IPO
        
       Author : kregasaurusrex
       Score  : 21 points
       Date   : 2021-03-23 20:15 UTC (2 hours ago)
        
 (HTM) web link (www.bloomberg.com)
 (TXT) w3m dump (www.bloomberg.com)
        
       | cyrux004 wrote:
       | I wonder if the WSB gang will short this right from the get go
        
         | katmannthree wrote:
         | Even prior to the GME-related events robinhood consistently
         | screwed up during high volatility events. They're probably be
         | one of the safer companies to short, if you're into that.
        
         | nerdkid93 wrote:
         | CBOE doesn't allow options contracts on new IPO stocks for at
         | least 3 days:
         | https://www.investopedia.com/ask/answers/04/072104.asp#mntl-...
        
           | dyu wrote:
           | A short is not an option contract
        
       | brodock wrote:
       | I would "bet" they will not perform well in the long run. Their
       | most valuable asset is trust and that was lost
        
         | afterwalk wrote:
         | You can buy a put option on robinhood to put your bet to the
         | test with limited downside risk.
        
           | [deleted]
        
         | NtGuy25 wrote:
         | I think their main draw is as long as you have a pulse they
         | give you margin and risky option trading. I use Vanguard for my
         | retirement, but if I want to do any risky plays and feel like
         | i'm in the big leagues, then Robinhood is the only place in
         | town.
         | 
         | They also provide easy access to crypto, which a surprising
         | amount of non tech people use. Since Coinbase and such is alot
         | scarier.
         | 
         | I don't think they'll ever be #1, but I think they will
         | consistently have a good following and most don't care much
         | about the trust that was lost with gamestop.
        
         | abhishekbasu wrote:
         | I'm not too sure about that, without competitors perhaps yes,
         | but otherwise they can still excel as a "gateway" to investment
         | that many millennials like me seek in this app economy.
        
       ___________________________________________________________________
       (page generated 2021-03-23 23:02 UTC)