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Robinhood prices IPO at $38 per share, valuing the online brokerage app at $32 billion

SOPA Images/Getty Images Robinhood priced its IPO at $38 per share on Wednesday, valuing the company at about $32 billion.The online brokerage app revealed surging growth in its S-1 filing amid the COVID-19 pandemic and government stimulus checks.Robinhood is set to trade on the Nasdaq under the symbol "HOOD" on Thursday.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Robinhood priced its IPO at $38 on Wednesday, valuing the online brokerage app popular with retail...
Tags: Ipo, Trends, Markets, Tesla, Reddit, Trading, SEC, Stocks, Stock Market, Robinhood, Vlad Tenev, Matthew Fox, Baiju Bhatt, Robinhood Stock, Robinhood app, Ipo 2021


Robinhood raises less than it had hoped in IPO

Robinhood's highly-anticipated debut on Wall Street is getting off to a rough start.
Tags: Cnn, Robinhood


Robinhood IPO: Shares priced and set to trade Thursday

Robinhood's shares are priced ahead of its IPO and ready to trade on Thursday.
Tags: Robinhood


Robinhood valued at $32 billion after selling shares in IPO at $38 per share

Robinhood's was last valued in the private market at $11.7 billion in September, and has since expanded its user base.
Tags: Ipo, Robinhood


Robinhood IPO: Should you invest? Here's what to know.

Robinhood's hotly anticipated IPO is here. Should you invest in the wildly popular online trading platform? Here's what to know.       [Author: USA TODAY]
Tags: Usa, News, Usa Today, Robinhood


After Rocket Ride of Growth, Robinhood Heads to the Market

After a rocket rise where it introduced millions of people to investing and shook up the brokerage industry, all while racking up a long list of controversies in less than eight years, Robinhood is about to take the leap itself into the stock market.
Tags: Robinhood


Robinhood starts trading Thursday. Here's everything investors need to know

The stock trading app will trade on the Nasdaq under ticker HOOD, priced at an expected $38 to $42 per share.
Tags: Nasdaq, Robinhood


Robinhood's Meme Stock Status Fuels IPO Uncertainty

By Krystal Hu and Echo Wang(Reuters) - Robinhood Markets Inc thrived thanks to the popularity of so-called meme stocks such as GameStop Corp with...
Tags: Robinhood, GameStop Corp, Krystal Hu, Echo Wang Reuters Robinhood Markets Inc


Some large asset managers are reportedly mulling sitting out Robinhood's IPO for fear of retail-driven volatility

Robinhood app SOPA Images/Getty Images Some big asset managers may sit out Robinhood's upcoming IPO, according to the Financial Times. Robinhood plans to allocate up to 35% of its listing to retail investors buying through its own app. Retail-driven volatility could work in favor of the stock, especially on the first day. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Some institutional investors are wary of Robinhood's imminent IPO over fears that outsiz...
Tags: Ipo, Trends, Markets, Robinhood, Volatility, David Erickson, Institutional Investors, MI Exclusive, Retail Traders, Ethan Wu, Financial Times Robinhood, FT Robinhood


Robinhood is testing a feature that will let users invest their spare change into select stocks, report says

Vlad Tenev, CEO and co-founder, Robinhood. Kimberly White/Getty Images for Robinhood Robinhood is testing a feature that will let users invest spare change into stocks, Bloomberg reported. Another feature being explored aims to protect users from crypto volatility. The features were discovered by iOS developer Steve Moser through a code inside the company's test version for the iPhone. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Robinhood is testing a feat...
Tags: Ipo, Trends, Markets, Bloomberg, Crypto, Nasdaq, Robinhood, Vlad Tenev, SPAC, Menlo Park California, Robinhood Robinhood, Robinhood Investors, Steve Moser, Robinhood app, Isabelle Lee, Opening Bell Robinhood


US stocks edge higher as investors digest earnings results from mega-cap tech

Lucas Jackson/Reuters US stocks moved higher on Wednesday as investors digested earnings results from mega-cap tech companies.Apple, Microsoft, and Alphabet all delivered earnings results that smashed analyst estimates.Now investors are trying to determine if the strong growth in tech is sustainable.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US stocks edged higher on Wednesday as investors continue to digest the strong earnings reports from mega-cap tech compa...
Tags: Apple, Microsoft, Ipo, Elizabeth Warren, US, Trends, Markets, Beijing, Treasury, Crypto, Warren, Janet Yellen, Stock Market, Robinhood, S&P 500, Dow Jones Industrial Average


What to know ahead of Robinhood's IPO

Here's a rundown of what you should know ahead of Robinhood's much-anticipated IPO. SOPA Images/Getty Images Stock-trading app Robinhood is targeting a valuation of up to $35 billion in an IPO this week. Shares are slated to start trading on June 29 under the ticker "HOOD." From retail IPO access to legal power players, here's what you need to know. See more stories on Insider's business page. Robinhood is set to price its shares on Wednesday, June 28, and is targeting a ...
Tags: Ipo, Trends, SEC, Robinhood, SoFi, Vlad Tenev, Reuters, E Trade, Schwab, Debevoise Plimpton, Samantha Lee Insider Robinhood, Robinhood Robinhood Fintechs


Robinhood says it's under new investigation by FINRA days before its IPO

Alex Flynn/Bloomberg via Getty Images Just days before its IPO, Robinhood said it received an investigative request from FINRA. The agency is seeking information related to the fact that Robinhood CEO Vlad Tenev and co-founder Baiju Bhatt are not licensed by FINRA. Robinhood said it is evaluating the matter and intends to cooperate with the investigation. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Just days before its hotly anticipated initial public offer...
Tags: Trends, Markets, Cnn, SEC, Robinhood, Vlad Tenev, FINRA, Fina, Baiju Bhatt, Tenev, Robinhood Markets, CNN Business, Emily Graffeo, IPO Robinhood, Robinhood IPO, MI Exclusive


Robinhood reveals new regulatory probes on the eve of its blockbuster IPO

Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street's powerful self-regulator, the online trading platform announced Tuesday.
Tags: Cnn, Robinhood, Vlad Tenev, FINRA


Robinhood reveals new investigation on the eve of its blockbuster IPO

Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street's powerful self-regulator, the online trading platform announced Tuesday.
Tags: Cnn, Robinhood, Vlad Tenev, FINRA


Robinhood reveals new investigation hours before its IPO

Regulators are investigating the fact that Robinhood CEO Vlad Tenev is not licensed by FINRA, Wall Street's powerful self-regulator, the online trading platform announced Tuesday.
Tags: Cnn, Robinhood, Vlad Tenev, FINRA


Robinhood's IPO: Five facts about the trading app

Trading app Robinhood is about to become traded itself as the company prepares to go public later this week.
Tags: Finance, Article, Robinhood, FBN, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/markets/stocks, Fox-business/markets/ipos, Lucas Manfredi, A637b23a-3d27-5b45-a96a-2bc410237046


How JPMorgan is making a big push into wealth management

Jamie Dimon has been CEO of JPMorgan since 2005. Business Insider JPMorgan, headed up by CEO Jamie Dimon since 2005, is the biggest US bank by assets. The firm is setting out to double the size of its financial advisor force catering to rich clients. It's also made a number of wealth leadership changes and new hires. Visit Business Insider's homepage for more stories. JPMorgan is the biggest US bank by assets and a bellwether for the global financial system. So when the firm's...
Tags: Google, Florida, UK, California, US, Trends, Merrill Lynch, Goldman Sachs, Goldman, Robinhood, Jamie Dimon, Cnbc, Wells Fargo, Marcus, Jpmorgan, Reid


Robinhood IPO hype - Dimon's successor - BofA nixes health checks

Kimberly White/Getty Images for Robinhood Welcome to Insider Finance. If this was forwarded to you, sign up here. On the agenda today:Six experts told us what to expect from Robinhood's hotly anticipated IPO. Here's what they said.A new bonus for Jamie Dimon leaves many to wonder: who will stick around long enough to succeed him?Bank of America employees no longer have to complete health checks before entering the office. Here's what else we learned from a leaked memo.Let's...
Tags: Amazon, New York, US, America, Trends, Bank Of America, Bloomberg, North Carolina, Robinhood, Jamie Dimon, Gamestop, Vlad Tenev, Wells Fargo, BofA, Dimon, John Lamparski Getty


Investing apps like Robinhood aren't gambling tools that push new investors to make risky decisions. They're actually a great way to teach young people how to invest.

Investing apps help make trading more accessible and less intimidating for new investors. Prostock Studio/Getty Images; Samantha Lee/Insider As new investors enter the markets, their investment experience can help them make better financial decisions. The SEC's agenda is poised to drive new investors out of the markets by limiting innovative brokerage features. But these investing platforms give newcomers valuable "behind the wheel" experience. Jennifer J. Schulp is the director of f...
Tags: US, America, Trends, SEC, Robinhood, Financial Industry Regulatory Authority, Nicholas Anthony, Samantha Lee, Jennifer J Schulp, Prostock Studio Getty Images, Jennifer J Schulp Nicholas Anthony


Robinhood Plans to Offer New Crypto Features as IPO Looms

Robinhood is backing crypto, with plans to scale its current offering to include cryptocurrency wallets.
Tags: Robinhood, Robinhood Plans to Offer New Crypto Features


Robinhood’s IPO roadshow answered questions I wasn’t asking

But hey, there might be Robinhood IRAs in the near future!
Tags: Robinhood


Robinhood promises to fix 'the issues' that outraged customers when it restricted trading in meme stocks

REUTERS/Dado Ruvic/Illustration Robinhood CEO Vlad Tenev acknowledged the company angered many customers after it blocked them from trading GameStop and other red-hot stocks. On Saturday, Tenev promised to learn from past mistakes and "ensure they never happen again." Saturday's roadshow event comes just days ahead of the commission-free trading app's hotly anticipated IPO. See more stories on Insider's business page. Robinhood knows it angered many retail investors earlier t...
Tags: Google, US, Trends, Reddit, Robinhood, Gamestop, Vlad Tenev, Victoria Cavaliere, Menlo Park California, Robinhood Gold, Tenev, Jason Warnick, GameStop AMC, PFOF, REUTERS Dado Ruvic Illustration Robinhood


Robinhood CEO says the company is all-in on crypto and that users can expect new crypto features at 'some point'

Baiju Bhatt and Vlad Tenev cofounders and CEOs of Robinhood Robinhood Robinhood CEO Vlad Tenev says the company is focused on expanding its crypto offerings. He said users can expect a crypto wallet at "some point." It's a glimpse at the company's future ahead of it's highly anticipated IPO. See more stories on Insider's business page. Robinhood CEO Vlad Tenev announced Saturday that crypto is a lynchpin of the retail investment app's future, and a wallet could be in ...
Tags: Ipo, Trends, Robinhood, Vlad Tenev, Dogecoin, Baiju Bhatt, Tenev, Margaux MacColl, Robinhood CEO, Robinhood s IPO, Robinhood Robinhood Robinhood


'We can expect fireworks': 6 experts sound off on their expectations for Robinhood's hugely anticipated IPO

Vlad Tenev, CEO and co-founder of Robinhood. Kimberly White/Getty Images for Robinhood Ever since Robinhood was founded in 2013, the firm has been at the center of the retail trading boom. Ahead of its IPO, Robinhood announced it is selling up to a third of its shares directly to retail investors. Insider asked six experts what to expect ahead of the popular trading app's stock market debut. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Robinhood's mis...
Tags: Amc, Trends, Markets, Robinhood, Carnegie Mellon University, Gamestop, Vlad Tenev, Menlo Park California, Eric Schiffer, Josh Fraser, Chester Spatt, Patriarch Organization, Retail Investing, Robinhood app, Retail Trading, Isabelle Lee


Extra Crunch roundup: finding GTM, China’s edtech clampdown and how to define growth

Early-stage startups tend to claim that their go-to-market strategy is fully operational. In reality, GTM is a stark numbers game, and even with a solid plan in place, it can be easily foiled by common problems like turf battles and poor communication. Finding GTM fit is a milestone for any startup that includes everything from expanding the engineering team to launching your first media buy. But how do you know when you’ve reached that magic moment? “You have to consider three metrics: gross ch...
Tags: Startups, TC, Transportation, Facebook, Europe, Car Insurance, Entrepreneurship, China, Tech, E-commerce, Getty Images, Artificial Intelligence, Canada, Venture Capital, Silicon Valley, Anna


Lucid Motors’ SPAC merger approved after executives issue plea to shareholders to vote

Shareholders approved Friday EV startup Lucid Motors’ merger with special purpose acquisition company Churchill Capital IV, after the companies extended the deadline by one day because not enough retail investors showed up to cast their vote. The issue is an unusual but could become more common as more companies eschew the traditional IPO path to public markets and instead merge with SPACs.  The hiccup occurred on Thursday, when shareholders voted to approve all but one of the proposals as par...
Tags: Transportation, Amc, Tech, Automotive, Electric Vehicles, Reddit, Private Equity, Morgan Stanley, Robinhood, Churchill, Gamestop, Lucid, SPAC, Michael Klein, Klein, Lucid Motors


Robinhood's Guinea Pig for Upending Public Offerings: Itself

When Vlad Tenev and Baiju Bhatt created the stock trading app Robinhood in 2013, the entrepreneurs declared that their mission was to democratize Wall Street and make finance accessible to all. Now as they prepare to make their company public, they are taking that ethos to a new extreme. From a report: Mr. Tenev and Mr. Bhatt have long discussed how Robinhood's initial public offering would be more open than any other offering that came before it, three people close to the company said. This wee...
Tags: Tech, Goldman Sachs, Guinea Pig, Robinhood, Vlad Tenev, Bhatt, Baiju Bhatt, Tenev


What Robinhood’s warnings about crypto trading say about Coinbase’s near-term future

Is the trading boom of 2020 and 2021 slowing? That’s a question The Exchange has had on its mind since Robinhood released its latest IPO filing. The popular U.S. consumer-focused investing app told investors in the document that it expects revenues to decline in the third quarter compared to its Q2 performance. The company highlighted historically strong crypto volumes in preceding quarters as part of the reason for its anticipated revenue decline. The Exchange explores startups, markets and mo...
Tags: Fundings & Exits, Startups, TC, Tech, Bitcoin, Cryptocurrencies, Robinhood, Coinbase, Exchange, Dogecoin, Robinhood Robinhood, The Exchange, EC Newsletter, EC Fintech, And Square


Billionaire investor Leon Cooperman rules out an imminent market crash, trumpets 'big tech' stocks, and sounds the national-debt alarm in a new interview. Here are the 10 best quotes

Leon Cooperman. Jeff Zelevansky/Reuters Leon Cooperman dismissed fears of an imminent market downturn. The billionaire investor defended "big tech" valuations and called for fiscal discipline. Cooperman is wary of meme stocks and sees minimal value in owning government bonds. See more stories on Insider's business page. Leon Cooperman ruled out an imminent market crash, warned that stimulus efforts are ballooning the national debt to dangerous levels, and emphasized the appeal of "big ...
Tags: US, Trends, Robinhood, Cnbc, Fed, Leon Cooperman, Omega Advisors, Cooperman, Google Facebook Microsoft Amazon, Theron Mohamed