from Hacker News

Ask HN: What will happen if Robinhood tries to go public now?

by telekid on 1/28/21, 10:29 PM with 3 comments

• by hong_kong on 1/29/21, 12:21 AM

  When it comes to demand for the shares: doesn't matter. IPO price discovery is done by institutional investors, not retail.

  Impact on the fundamentals is a bigger risk to them, as RH's target market is retail/individuals. People have short memories though, and they aren't the only ones restricting their users from trading (despite getting the most flak for it).

• by drstewart on 1/29/21, 1:21 AM

  The internet will forget about this all by next week

• by randomopining on 1/29/21, 1:47 PM

  I mean the truth was that it was a liquidity event. Now they have liquidity, people will trade, etc. It will come out that it was that. They prob won't lose the retailers.

  I personally pulled out though when I heard the news, just in case. Freaking Bitcoin shot up after I pulled though... smh.