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Robin Hood sets IPO terms and values ​​trading apps for up to $ 35.1 billion

Robinhood Markets Co., Ltd.
Hood,

I set the conditions forInitial public offeringThe California-based retail trading app is worth up to $ 35.10 billion. The company offers 52.375 billion Class A shares in its IPO and is expected to raise $ 2.2 billion, priced between $ 38 and $ 42 per share. Shareholders for sale, including the founder and chief financial officer, will provide an additional 2,625 million shares in the IPO, raising $ 110,0.25 million. The company expects a total of 835.68 million shares issued after the IPO, including 73.87 million Class A shares.The· Underwriters led by Goldman Sachs and JP Morgan.. As a Renaissance IPO ETF, the company aims to go public during periods of low investor relative demand for IPOs.
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Robin Hood sets IPO terms and values ​​trading apps for up to $ 35.1 billion

Source link Robin Hood sets IPO terms and values ​​trading apps for up to $ 35.1 billion

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