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Robinhood Hires Goldman Sachs to Lead Possible $20B+ IPO: Report
Trading app Robinhood has chosen Goldman Sachs to lead the way for an initial stock offering, people familiar with the matter told Reuters.
Trading app Robinhood has chosen Goldman Sachs to lead the way for an initial stock offering that could come in 2021 and value the trading app firm at more than $20 billion, people familiar with the matter told Reuters.
STORY CONTINUES BELOW
- The company was valued in its last funding round in September at $11.7 billion, showing how the platform has grown during the pandemic and among millennials, the Post said.
- Neither Goldman nor Robinhood declined to comment, the newspaper said.
The story is developing and will be updated as more information is known.
Kevin Reynolds
Kevin Reynolds was the editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.
