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Robinhood set to rise in Nasdaq debut

Kitco News

(Reuters) - Shares of online brokerage Robinhood Markets Inc were set to start trading nearly 11% above their offer price on the Nasdaq on Thursday, underscoring a warm reception to one of the most hotly anticipated listings of the year.

At 10:10 am ET, the shares were indicated to open at $42 each compared to the initial public offering price of $38.

Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur

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