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.
