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 story : Robinhood sets IPO terms, to value trading app at up to .1 billion #FinanceUSA #StockMarketNEWS Robinhood Markets Inc. has set terms forits initial public offering, in which the California-based

@stockMarketNEWS 11 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Robinhood sets IPO terms, to value trading app at up to .1 billion #FinanceUSA #StockMarketNEWS
Robinhood Markets Inc. has set terms forits initial public offering, in which the California-based retail trading app could be valued at up to .10 billion. The company is offering 52.375 million Class A shares in the IPO, which is expected to price between and a share, to raise .20 billion. Selling stockholders, which include its founders and Chief Financial Officer, are offering an additional 2.625 million shares in the IPO to raise 0.25 million. The company expects to have a total of 835.68 million shares outstanding after the IPO, including 703.87 million Class A shares. The underwriters are led by Goldman Sachs and J.P. Morgan. The company is looking to go public at a time of tepid relative investor demand for IPOs, as the Renaissance IPO ETF has declined 4.3% over the past three months while the S&P 500 has gained 3.9%.


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