'Don't want to miss it': Robinhood IPO loyalists stay the course


FILE PHOTO The logo of Robinhood Markets Inc. is seen at a pop-up event on Wall Street after the companys IPO in New York City U.S. July 29 2021.  REUTERSAndrew KellyFile Photo

FILE PHOTO: The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company's IPO in New York City, U.S., July 29, 2021. REUTERS/Andrew Kelly/File Photo

(Reuters) - Rick Ornelas got into Robinhood Markets Inc's initial public offering (IPO) every way he could.

As a user of the trading app, the Houston-based author of life-coaching books applied for and received 50 Robinhood shares in its IPO. When the shares traded down more than 10% in their debut on Thursday, he doubled down by acquiring 75 more shares through Fidelity Investments, where he holds his main trading account.

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