Robinhood Seeks Market Cap Of $35 Billion For Upcoming IPO


Robinhood is seeking a market valuation of as much as $35 billion in its upcoming initial public offering, according to an amended SEC filing released Monday.

The stock trading app will attempt to sell its share at a range of $38 to $42 per share, according to the updated prospectus. Robinhood is looking to sell 55 million shares at that range to raise as much as $2.3 billion.

Robinhood’s last private market valuation was $11.7 billion as of September.

Goldman Sachs, Citigroup and JPMorgan are the lead underwriters on the deal

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