20 July 2021

Robinhood could raise $2.3bn at IPO

Written By FinTech Alliance

Robinhood could raise $2.3bn at IPO

Trading platform Robinhood is reportedly planning an IPO which could raise up to $2.3bn.

In Brief:

The IPO could bring a valuation of up to $35bn. 

The firm has filed with the SEC to list under the symbol HOOD. 

It will offer 55mn shares for between $38 and $42. 

What does this mean?

Robinhood’s new valuation after the IPO could potentially be a huge increase from $11.7bn at its most recent funding round in September. The filing also shows that despite several stumbling blocks and controversial press around the wealth management platform, its growth is full steam ahead. 

Read more here. 

Up Next ...
18 April 2024

Checkout.com plans China growth push

Checkout.com is in talks with over 100 merchants in China ...

18 April 2024

Finastra launches new solution

Finastra launches online marketplace for easy access to retail lending ...

18 April 2024

Klarna Card waitlist opens in US

It has opened its waitlist for the new Klarna Card ...

17 April 2024

Bridgewise closes $21mn funding round

Bridgewise's completion of a $21mn funding round, brings its total ...

More in Investment

Uber to back Nigerian start-up Moove in up to $100mn round

26 February 2024

Funding round could push Moove’s market value to $750mn In brief:- ...

Simetrik secures $55mn in Series B to bolster platform globally

26 February 2024

Simetrik is a financial automation platform based in Colombia. In brief:- ...

FinTech startup Pontera raises $60mn

07 December 2023

Pontera, formerly known as FeeX, has successfully secured $60 million ...

FinTech-focused Canapi Ventures raises $750mn

07 December 2023

Fund II represents a 15% increase in funds and a ...

White Papers Investment

Investment vehicles in private markets

17 November 2023

How investment vehicles are revolutionising private markets and bridging the gap in democratisation...

White Papers Investment

The Three-Body Problem: Finding the New Stable Points in Venture Capital

12 June 2023

William Edwards Deming once famously said, “It is not necessary to change. Survival isn’t mandatory....

White Papers Investment

FT Partners Quarterly FinTech Insights

12 June 2023

FT Partners’ FinTech Insights Reports are published on a quarterly basis, along with a comprehensive...

Articles Investment

Innovate Finance on: 2022 Summer Investment Report

19 July 2022

In the first half of 2022 total capital invested in FinTech globally reached $59bn – flat year-on-ye...

There are no Events in this category