Robinhood Sold IPO Shares to Over 300,000 of Its Customers

Hundreds of thousands of Robinhood Markets Inc.’s customers bought shares in the trading app’s rocky initial public offering earlier this week. In a post on its app, Robinhood said 301,573 users participated in the IPO, which raised about $2 billion and valued

China Moves to Reassure Global Banks, Investors After Market Rout

China moved to ease investor concerns about crackdowns on listed companies, with a top regulator privately telling global financial firms that Beijing will consider the market impact before introducing future policies, people familiar with the matter said. Fang Xinghai, vice chairman of

Robinhood Prices IPO at $38 a Share

Robinhood Markets Inc. priced its initial public offering at $38 a share, at the low end of expectations, after the popular trading platform met tepid demand for its highly anticipated debut. The price chosen by the company and its underwriters is at

PsiQuantum Raises $450 Million to Build Its Quantum Computer

Quantum computing startup PsiQuantum Corp. has landed a $450 million investment led by funds and accounts managed by BlackRock Inc., amid increased investor interest in the next-generation computing technique. The funds will be used to expand its team, which currently has about

Internet Outage Briefly Brings Down Websites

Websites for airlines, financial companies and numerous other businesses briefly went down Thursday amid a far-reaching problem at an internet-services provider. Akamai Technologies Inc., a maker of software that supports companies’ online presence, reported a service disruption that rippled across high-profile websites

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