11 ms·

Robinhood Files Confidentially for U.S. IPO

25 points by kregasaurusrex 6y ago

cyrux004 6y ago
I wonder if the WSB gang will short this right from the get go
- katmannthree 6y ago
  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 6y ago
  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-sc-block_1-0-9 https://www.investopedia.com/ask/answers/04/072104.asp#mntl-...
  - dyu 6y ago
    A short is not an option contract
    - nerdkid93 6y ago
      True, but most of the negative sentiment by r/WSB that I have seen has been done through options contracts (from what I've seen at least).
brodock 6y ago
I would "bet" they will not perform well in the long run. Their most valuable asset is trust and that was lost
- abhishekbasu 6y ago
  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.
- afterwalk 6y ago
  You can buy a put option on robinhood to put your bet to the test with limited downside risk.
  - deleted 6y ago
    [deleted]
- NtGuy25 6y ago
  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.
randomhodler84 6y ago
Would def invest in these guys. I know folks think the trust is gone since GME, but they are not the bad guys in this game. But if anything it proved their power to actually make a difference. They don’t release numbers, but I expect their customer base to exceed some large, traditional brokerages if it hasn’t already. They changed my thinking on the whole space, and as such I think they are more valuable than most legacy players. Folks seem to believe they have a large slice of the whole DOGE supply too. They sold doge when nobody else would — don’t underestimate the doge. :-)

cyrux004 6y ago

I wonder if the WSB gang will short this right from the get go

katmannthree 6y ago
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 6y ago
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-sc-block_1-0-9 https://www.investopedia.com/ask/answers/04/072104.asp#mntl-...
- dyu 6y ago
  A short is not an option contract
  - nerdkid93 6y ago
    True, but most of the negative sentiment by r/WSB that I have seen has been done through options contracts (from what I've seen at least).

brodock 6y ago

I would "bet" they will not perform well in the long run. Their most valuable asset is trust and that was lost

abhishekbasu 6y ago
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.
afterwalk 6y ago
You can buy a put option on robinhood to put your bet to the test with limited downside risk.
- deleted 6y ago
  [deleted]
NtGuy25 6y ago
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.

randomhodler84 6y ago

Would def invest in these guys. I know folks think the trust is gone since GME, but they are not the bad guys in this game. But if anything it proved their power to actually make a difference. They don’t release numbers, but I expect their customer base to exceed some large, traditional brokerages if it hasn’t already. They changed my thinking on the whole space, and as such I think they are more valuable than most legacy players. Folks seem to believe they have a large slice of the whole DOGE supply too. They sold doge when nobody else would — don’t underestimate the doge. :-)