Money

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

12 days 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

12 days 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.
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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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