Robinhood Sets Publicized IPO Pricing

Robinhood stock trading app priced its initial public offering at the low end of its estimated range. The company targets to sell about 55 million shares at that range to raise over $2.3 billion. Robinhood plans to hit the markets on Thursday. On Wednesday, Robinhood said that it would trade under the ticker HOOD. However, instead of selling the bulk of its shares to institutional investors like most IPOs, It is pricing its initial public offering up to 35% a…