Robinhood’s (HOOD) long-anticipated IPO is finally here. The unicorn’s valuation is near $32 billion. Interestingly the price of $38 per share is at the bottom of the range.
Yesterday the unrelated Duolingo (DUOL) began trading and popped 35%. I think the environment is ripe for a strong first day. I believe interest in the stock will be strong. I’ve got a request in for shares at the IPO price. I’m not a buyer above the list price.
Bitcoin is hovering near $40,000 still. Waiting for a confirmed breakout…
Futures are mixed, mostly green, but close to flat. I’m building small positions in low-risk swings. But I’m not day trading with much size right now.
OTC (on watch, no levels):
NLST, LCLP, FERN, NSAV, RSHN, DPLS, HALB