That’s my letter grade for the Robinhood IPO.
You can say whatever you want about the lack of a pop. But in the end, their employees and investors are now liquid to monetize some of their shares at an incredibly high valuation, their users were able to participate in the deal – in size – and, fairly importantly, they managed to raise over $2 billion, which is still real money.
Michael, Ben and I discussed this, plus the rampaging profitability of America’s largest stocks, in this brand new clip from The Compound and Friends. Thanks for watching, share it with all your friends 🙂
You can check out the whole podcast episode here.