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Robinhood Raises Almost $2 Billion in IPO, Falls Short of Expected $35 Billion Valuation

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Robinhood Raises Almost $2 Billion in IPO, Falls Short of Expected $35 Billion Valuation

robinhoodRobinhood, the fee-free cryptocurrency, stock, and options exchange, raised almost $2 billion in its initial public offering, reaching a valuation of $32 billion. While the company is more valuable than Nasdaq itself, the IPO failed to give the company an expected valuation of $35 billion. Robinhood trading will open today, with its shares trading under […]
Published at Thu, 29 Jul 2021 20:00:41 +0000

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