Robin Hood, an American startup that is rapidly increasing its users with stock trading apps, was listed on the Nasdaq on the 29th, and its market capitalization has exceeded 3 trillion yen.
Listed on the Nasdaq on the 29th, Robin Hood is a startup headquartered in Western California, founded in 2013, offering stock trading services using smartphone apps.
The closing price on the 29th of the listing day was 34.82 cents, which was lower than the public price of 38 dollars, and the market capitalization showing the corporate value was 29,098 million dollars (about 3.1 trillion yen in Japanese yen).
The number of users of apps operated by the company has increased rapidly to more than 17 million per month as of March because it is easy to trade stocks from a small amount and there are no fees. The increase is considered to be one of the factors behind the recovery of stock prices in the New York market.
On the other hand, when the stock price of a game software retailer fluctuated in the New York market in January, individual investors who exchanged information on SNS placed a large number of buy orders using such an app, but the company Has been criticized for temporarily restricting trading and disrupting the market, and issues have been pointed out from the perspective of investor protection.