Robinhood sets its share price at $38 a pop

Online trading company Robinhood is set for its initial public offering (IPO) on the New York Stock Exchange later today. The company has listed its share price at $38, marking the firm for a $32 billion valuation. Robinhood is offering a total of 55,000,000 shares of its class A common stock. Apart from stocks from the company, this lot also contains 2,625,000 shares from existing shareholders, and 5,500,000 for underwriters with a 30-day option.  In May, the company unveiled a new platform to let you can buy into IPOs of other firms. Robinhood plans to offer almost a third of its own…

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