Robinhood sees valuation of up to $35 billion as public co.

Robinhood sees valuation of up to $35 billion as public co.

3 years ago
Anonymous $drS9DEX_Sj

https://apnews.com/769aa9c891bf745364aa31c7845b84f0

Robinhood, the online brokerage that found itself embroiled in this year's meme stock phenomenon, will go public next week seeking a market valuation of up to $35 billion.

The company said in a regulatory filing Monday that it hopes to price 55 million shares in its initial public offering in a range of $38 to $42 per share. It could raise about $2.3 billion if the shares are sold at the high end of the range.