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26 July 2021

Robinhood Aims for $35 Billion Market Valuation in Upcoming IPO – Bitcoin News

Robinhood Aims for $35 Billion Market Valuation in Upcoming IPO – Bitcoin News


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Robinhood Aims for $35 Billion Market Valuation in Upcoming IPO – Bitcoin News.

Robinhood, the fee-free, trade-it-all exchange, is aiming to achieve a valuation as high as $35 billion in its upcoming IPO, according to an amended prospectus filed with the SEC on Monday.

The exchange, which is reportedly going public as soon as the next week, expects to sell about 55 million shares in its IPO to raise more than $2.3 billion in the process, with a share price in the range of $38 to $42.

The company revealed in its IPO filing that more than 9.5 million customers used its platform to trade $88 billion in cryptocurrency.

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