Robinhood Markets (NASDAQ: HOOD) made its long-awaited public debut at $38 per share on July 29, but the stock opened at just $33.35 and ended its first trading day at $34.82. Ongoing concerns about Robinhood's business model seemingly overshadowed its impressive growth rates. Robinhood's disappointing debut might remind investors of another hot fintech company, Coinbase Global (NASDAQ: COIN), which went public via a direct listing this April.
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