Robinhood IPO closes at $46. 80 per share

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Robinhood IPO closes at $46. 80 per share

The stock rallied over 24%, absent of concrete news, to close at $46.80 per share, above its initial public offering price, which came in at the low end of expectations for trading app's highly anticipated IPO.

In their Nasdaq debut, they fell more than 8% after trading at $30 apiece and priced on Wednesday evening. Robinhood's IPO raised about $2.1 billion and gave the company a market value of nearly $32 billion.

Today, that figure climbs to $32.9 billion.