Crypto-friendly app Robinhood loses 8% in public Nasdaq debut
Unlike traditional IPOs with a six-month lockup period, Robinhood will allow its employees to sell 15% of its shares immediately after the public debut. Go to Source Powered by WPeMatico
Robinhood
Auto Added by WPeMatico
Robinhood Raises Almost $2 Billion in IPO, Falls Short of Expected $35 Billion Valuation
Robinhood, 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 … Read more
Robinhood introduces feature aimed at protecting investors from crypto volatility
“We’ve been doing a lot of work behind the scenes to provide our crypto customers with the functionality that they’ve been asking for,” said Robinhood CEO Vlad Tenev. Go to Source Powered by WPeMatico
Robinhood Aims for $35 Billion Market Valuation in Upcoming IPO
An amended prospectus filed yesterday by Robinhood indicates the company is aiming to get a valuation of up to $35 billion in its upcoming IPO. The fee-free options, cryptocurrency, and stock trading service is expecting to sell up to 55 million shares and raise more than $2 billion when the IPO launches next week. Robinhood … Read more
Robinhood warns a crypto drop is coming amid IPO filing
According to the trading app, it expects its Q3 2021 revenue to be lower as a result of increased crypto trading in the first quarter, driven in part by Dogecoin. Go to Source Powered by WPeMatico
Robinhood COO: We have enabled more women to trade crypto
Gretchen Howard described crypto investments “stereotyped as a male-dominated space,” but she has seen significant growth for women during her two years at Robinhood. Go to Source Powered by WPeMatico
Robinhood’s cash cow under SEC scrutiny amid IPO filing
Robinhood’s main revenue source for the first quarter of 2021 could come under SEC review. Go to Source Powered by WPeMatico
Robinhood IPO Filing Reveals $88 Billion in Cryptocurrency Trading, Dogecoin 34% of Crypto Revenue
Robinhood’s IPO prospectus shows that 9.5 million customers traded $88 billion of cryptocurrency on its platform in Q1 and the company held approximately $12 billion in crypto assets under custody, a 23-fold increase from last year. Meanwhile, 34% of Robinhood’s cryptocurrency revenue was attributable to the meme cryptocurrency dogecoin. Robinhood’s IPO Prospectus Reveals Crypto Business … Read more
Facing $70M in fines from regulators, Robinhood files for IPO
The U.S. Financial Industry Regulatory Authority delivered its biggest financial penalty against the trading app on Wednesday, and Robinhood still reportedly faces scrutiny from the SEC regarding its business practices. Go to Source Powered by WPeMatico
FINRA orders Robinhood to pay $70M due in part to ‘significant harm’ platform caused users
Regulators said the trading app should pay restitution to users like the 20-year-old who committed suicide after an erroneous negative balance appeared in his account. Go to Source Powered by WPeMatico
