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How to buy Robinhood stock when it goes public

Here's everything we know so far about the Robinhood IPO.

Latest updates

Wednesday, March 24: Robinhood filed a confidential registration statement with the US Securities and Exchange Commission, indicating its plans to go public.

Thursday, March 25: Reuters reported that Robinhood is making plans to “democratize” IPOs by opening its offering and others to users at pre-market prices. Robinhood did not confirm.

Robinhood is a popular trading app that offers commission-free stocks and ETFs. With its approachable interface and intuitive design, it caters to new investors looking to execute their first trades.

This commission-free trading platform may be planning an IPO as soon as this month. Bloomberg reported March 3 that the online broker is preparing papers ahead of filing for a March IPO. The company reportedly filed a confidential registration statement on March 23.

Some shares might be sold directly to users, the report said.

On March 25, Reuters reported that Robinhood was in fact working on a new system that would let users invest not only in its IPO but in other IPOs at pre-market offering prices. Robinhood has not provided confirmation, but competitor Sofi has rolled out a similar tool.

Here’s what we know and how investors can prepare for the IPO.

What we know about the Robinhood IPO

The popular trading app has confidentially filed a registration statement with the US Securities and Exchange Commission, reports suggest, solidifying rumors that Robinhood plans to go public. Goldman Sachs will helm the deal and the company could be worth more than $20 billion, according to Reuters.

In its September 2020 funding round, Robinhood raised $460 million and was valued at $11.7 billion. The Bloomberg report suggested the value could go much higher, up to $30 billion.

We'll continue to track this story and update this page with information as it becomes available.

How to buy shares in Robinhood when it goes public

Once Robinhood goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.

How do similar companies perform?

It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Robinhood can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalization, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.

Compare trading platforms

Compare special offers, low fees and a wide range of types of investments among top trading platforms.
Name Product Stock trade fee Asset types Option trade fee Annual fee Signup bonus
Robinhood
$0
Stocks, Options, ETFs
$0
0%
Free stock (chosen randomly with a value anywhere between $2.50 and $200)
Sign up using the "go to site" link
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Interactive Brokers
$0
Stocks, Bonds, Options, Mutual funds, ETFs, Currencies
$0 + $0.65/contract, $1 minimum
0%
N/A
IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders.
Sofi Invest
$0
Stocks, ETFs, Cryptocurrency
N/A
0%
Get one free stock worth up to $1,000
Open an account
A free way to invest in stocks, ETFs and crypto.
Webull
$0
Stocks, Options, ETFs
$0
0%
Get one free stock valued between $2.50 and $250 when you open an account, one more with a deposit
Open an account
Margin financing rates start at 3.99%. No monthly subscription fees for margin.
Public
$0
Stocks, ETFs
N/A
$0 per month
N/A
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Compare up to 4 providers

*Signup bonus information updated weekly.

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

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