Robinhood’s crazy IPO numbers

Posted on Jul 2, 2021, 6:23 PMUpdated on Jul 2, 2021, 7:33 PM

Full ahead. Twenty-four hours after receiving the largest fine in the history of Finra, Wall Street’s self-regulatory body, Robinhood took another step towards its much-anticipated initial public offering (IPO) by filing publicly its prospectus of more than 200 pages on the operation. The online broker who wants to “democratize finance for all” has thus lifted the veil on its finances, its economic model and the legal and regulatory threats hanging over it.

Robinhood is not lacking in ambition. The brokerage application would aim for a valuation of at least 40 billion dollars on the occasion of its listing on the Nasdaq, the American stock exchange with strong technological coloring, according to the “Financial Times”. This is almost twice as much as Google during its IPO in 2004, but much less than Facebook in 2012, then valued at more than 100 billion.

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