Robinhood IPO Demystified (Companies Going Public)
May 18, 2021
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Trading app is aiming to go public toward the end of June
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Potential investors to get look at financials, risks
May. 18, 2021
- Robinhood is preparing to reveal filings for its IPO as soon as next week, Bloomberg reported Tuesday.
- The company is aiming for a public trading debut in late June.
- The filing will give investors their first comprehensive look at Robinhood's financials.
Mar. 23, 2021
- Robinhood confidentially filed for a US initial public offering, Bloomberg first reported on Tuesday.
- The company confirmed the report in a blog post on Tuesday evening.
- The trading app, popular among retail investors, has selected Nasdaq as the venue for its listing, according to Bloomberg.
- Robinhood hired Goldman Sachs in December to lead its IPO.
- Robinhood achieved an $11.7 billion valuation in a funding round last year. It also raised financing this year that will convert to equity upon the completion of an IPO, Bloomberg reported in February. A first tranche will convert at the lower of a $30 billion valuation or a 30% discount to the IPO, with the second at the lower of the 30% IPO discount or a $33 billion valuation, according to Bloomberg.
March 23, 2021
- No talks of IPO but good recap of Vlad Tenev's views of Robinhood going forward
March 23, 2021
- Robinhood Markets, Inc. has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock.