• Some early investors who pumped funds into Robinhood amid GameStop surge were granted SEC approval to sell their shares

    1 day ago - By Business Insider

    Robinhood.
    Brendan McDermid/Reuters
    Some of Robinhood's pre-IPO investors were given SEC approval to sell their shares.
    Early investors, such as Ribbit Capital, pumped billions into the trading app after the GameStop trading halt.
    JPMorgan analysts warned previously of downward pressure on Robinhood stock as more shares are freed up.
    Early Robinhood investors who pumped money into the retail-trading app amid the January GameStop surge can sell their shares, after the US Securities and Exchange Commission approved the move. The SEC approval became effective Wednesday, a filing shows. The...
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  • Coding platform GitLab leaps 23% in trading debut after pricing IPO at $77 a share

    1 day ago - By Business Insider

    GitLab cofounders Dmitriy Zaporozhets and Sid Sijbrandij
    GitLab
    Shares of GitLab leaped 23% in their Nasdaq trading debut, a market cap of $13.48 billion.
    GitLab initially priced its IPO at $77 a share, putting its valuation at roughly $11 billion.
    The company on Thursday opened at $94.25, exceeding the target range of $66 to $69 per share it set late Wednesday.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Shares of GitLab leaped 23% in their trading debut on Thursday, giving the coding platform a market capitalization of $13.48 billion. GitLab priced its...
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