Robinhood is seeking a market valuation as high as $35 billion in upcoming IPO

  • 📰 CNBC
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Robinhood is seeking a market valuation of as much as $35 billion in its upcoming initial public offering, according to an amended SEC filing.

The stock trading company will seek to sell at a range of $38 to $42 per share, according to the filing. The company is looking to sell 55 million shares at that range to raise as much as $2.3 billion.

Robinhood — which plans to trade under the symbol "HOOD" on the Nasdaq — also updated several of its financial and user metrics in the updated filing. The company estimates it has 22.5 million funding accounts, up from 18 million in the first quarter of 2021.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

LesliePicker Hey vladtenev, my account at Robinhood is compromised. Somehow you have a physical debit card that I never received and is being used in Mexico. I emailed but by the time your folks will get to check it, transactions will not be in 'pending' state. No phone support exist.

He looks like Anton Chigruh’s gay brother!

Game changer !!

Get BabyBitcoin8 now before it explodes 💥🚀

stoolpresidente

Shit Stock keep away

Strong buy novavax JoeBiden Novavax POTUS novavax Fauci

we like the stock at... who am i kidding--we don't like the stock.

Divide that by 5...

shady af. that’s a “don’t buy” as cramer would say.

Looks like they should seek out a company barber who won’t make them all look like Steve Perry telling me to don’t stop believin’.

😳😳😳

Singapore Singapore Latest News, Singapore Singapore Headlines