<p>Robinhood ended its first day trading on the public market down more than 8% after a volatile session for the popular brokerage app company.</p> <p>Soon after HOOD began trading on Nasdaq, its shares dipped by around 12% from its opening price of $38 a share—making it one of the worst-performing initial public offerings in history, as <a href="https://www.bloomberg.com/news/articles/2021-07-29/robinhood-flirts-with-worst-debut-ever-for-ipo-of-its-size?sref=bUXEuR9F">Bloomberg</a> reported. The price of Robinhood's shares ended the day just shy of $35.</p> <p><img class="alignnone wp-image-113033 size-full" src="https://www.tbstat.com/wp/uploads/2021/07/image-6.png" alt="" width="1634" height="1648" /></p> <p>The volatility is likely not surprising to certain market observers who were anticipating it because of the unique structure of Robinhood's debut.</p> <p>The firm had set aside a chunk of stock for its users, mostly retailer traders who have <a href="https://www.theblockcrypto.com/post/110564/the-big-picture-takeaways-from-robinhoods-s-1-filing">unpredictable</a> trading habits. The Wall Street Journal <a href="https://www.wsj.com/articles/robinhood-stock-opens-flat-in-trading-debut-11627576759">reported</a> the company ended up giving between 20-25% of its stock to customers, citing people familiar with the situation. </p>