Robinhood targets IPO valuation up to $35B amid warning that crypto incomes are slipping
https://techcrunch.com/2021/07/19/robinhood-targets-ipo-valuation-up-to-35b-amid-warning-that-crypto-incomes-are-slipping/
Robinhood released an S-1/A filing detailing its first IPO price range this morning. The company first filed to go public in early July after raising billions earlier in the year.
The well-known U.S. consumer fintech giant intends to sell shares in its public market debut at a price between $38 and $42 per share. Robinhood is selling 52,375,000 in its IPO, worth $2.0 billion to $2.2 billion. Another 2,625,000 are being offered by existing shareholders, while its underwriting banks have the option to purchase a further 5,500,000 shares in the transaction.