Robinhood's IPO likely to value trading app up to $35 billion
Robinhood Markets Inc is aiming for a valuation of up to $35 billion in its initial public offering in the United States, according to a filing on Monday
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Published - Jul 19, 2021, 05:57 PM ET
Last Updated - Jun 04, 2024, 10:50 PM EDT
By Ishika Dangayach, 11:58 AM ET
Robinhood Markets Inc is aiming for a valuation of up to $35 billion in its initial public offering in the United States, according to a filing on Monday.
The plans for a listing come only months after the online brokerage found itself at the core of a spat between a growing number of regular investors and Wall Street hedge funds in late January.
The business intends to sell about 52.4 million shares in the offering, with other investors selling approximately 2.6 million at a price ranging from $38 to $42 per share. Robinhood would raise around $2 billion at the midpoint of the offering range.
