Home » Technology » Robinhood is quietly about to go public, Bloomberg sources say

Robinhood is quietly about to go public, Bloomberg sources say


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| photo: AP

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According to sources, it could be enough to enter the stock market in five weeks. So far, no decision has been made and I will change in time.

Reuters reported last year that Robinhood had selected Goldman Sachs to lead preparations for its primary bid for the event. Nabdka could value the company at more than 20 billion USD (433 billion K).

Robinhood’s popularity skyrocketed during the pandemic, as young people locked up at home decided to spend time with the company’s business applications and be forced to retire.

Robinhood thus contributed to the business membership of small investors, who responded to the group’s call from the Reddit family to trade in certain shares. These stores deprived hedge funds of large pensions. The company then temporarily reduced trading in shares of GameStop and others.

Losk’s profit from investors valued Robinhood at $ 11.7 billion. According to Bloomberg, the company is considering selling the share in the primary offer directly to its users.

Such a step would be very unusual, because small investors usually do not get to buy new shares at the offer price, but have to buy and the first trading day on the stock exchange. In the case of their appearance, it would invite me to price the action.

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