Robinhood Markets, Inc.

Robinhood Markets, Inc. (HOOD) priced its initial public offering on Jul 30, 2021 at $38.00 per share, raising $2.09B, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $32.01B. Goldman Sachs was lead-left underwriter, joined by J.P. Morgan, Barclays and Citigroup and others. Cravath advised the company and Davis Polk advised the underwriters.

Robinhood Markets, Inc. runs a customer trading platform through broker-dealer subsidiaries, with many customers entering the financial markets for the first time. It offers an IPO Access feature and receives payments from market makers for routing customer orders.

Status

IPO

Ticker

HOOD

Exchange

Nasdaq Global Select

Priced

Jul 30, 2021

IPO price

$38.00

Raised

$2.09B

Market cap at IPO price

$32.01B

First filed

Jul 1, 2021

Underwriters

Goldman Sachs, J.P. Morgan, Barclays, Citigroup, Wells Fargo, Mizuho, Citizens JMP, KeyBanc, Piper Sandler, Rosenblatt, BMO Capital Markets and BTIG

Company counsel

Cravath

Underwriters' counsel

Davis Polk

Sector

Financials

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.