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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.
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.
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.
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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.
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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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