Robinhood Goes Public With An IPO Valuing the Company at $32B, Facebook Slumps Despite a Q2 Beat, a Grand Jury indicts the founder of EV Maker Nikola, and the CEO of ServiceNow Talks Earnings and Outlook
b"Carl Quintanilla, Jim Cramer and David Faber led off the show with an in-depth look at a much-anticipated IPO: Online trading platform Robinhood going public after pricing shares at $38 each. That's at the low end of the expected range but values the company at about $32-billion. Goldman Sachs \\u2013 one of the lead investment banks on the IPO -- had not fully allocated shares of Robinhood until shortly before the opening bell.\\nThe anchors explored what investors can expect and how to evaluate Robinhood's debut. On the earnings front, Facebook shares fell after the tech giant said revenue growth will slow during the second half of the year -- overshadowing \\nbetter-than-expected quarterly results. Staying with tech: A federal grand jury charged Nikola founder Trevor Milton with three counts of criminal fraud for making false and misleading statements to investors about the electric video startup.\\nAlso in focus: Ford shares rise after the automaker surprises Wall Street analysts by posting a quarterly profit, new record highs for stocks, and ServiceNow CEO Bill McDermott discusses his company's better-than-expected quarterly results \\u2013 \\nthe workflow management software provider helped by a jump in subscription revenue."