Robinhood IPO: Financial Services Expert Reactions
With Robinhood IPO having just opened for trading and lower than expected, below are comments from Publicis Sapient, Executive Vice President, Financial Services, David Donovan. Q2 2021 hedge fund letters, conferences and more Robinhood's Risky Business Model“I have a Robinhood account, but I would be both cautious and hesitant on Robinhood’s IPO as an investor. Robinhood is operating on a risky business model underpinned by pay-for-order-flow which is banned in other key markets such as Canada, UK, and more. The lion's share of Robinhood’s revenue is driven by pay-for-order-flow, as high as 8...