Robinhood stock dips as SpaceX IPO role report surfaces — HOOD traders eye Feb. 10 earnings
Shares of Robinhood Markets Inc fell 1.8% to $103.40 on Wednesday, then held steady in after-hours trading. The move came after Bloomberg reported the brokerage is aiming to secure SpaceX shares for retail investors ahead of the company’s potential initial public offering — a rare chance for the public to buy into a private firm. Bloomberg noted Robinhood is competing with major Wall Street banks for a portion of the stock to offer through its IPO Access platform, which allows users to buy shares at the IPO price before the public market opens.