The 1st days volume was huge. I suspect that Robinhood's choice to let its own customers buy shares might have been the problem. I bet many of them were quick to sell once the IPO did not meet their desire for it to explode upwards and that always leads to a down day.

Too bad since the debut will become an example of what not to do for an IPO. It will Lock-out the small investors in the future since no company will want to be another example of a bad IPO debut.