How to buy Robinhood shares when it goes public

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

Robinhood is a popular trading app in the US 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.

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.

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. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Robinhood. Find the stock by name or ticker symbol. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy immediately with a market order or use a limit order to delay your purchase until Robinhood reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Robinhood, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Robinhood. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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.

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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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