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Robinhood Markets Priced, Nasdaq: HOOD

Offers a no-commission retail brokerage platform.

Industry: Financials

Latest Trade: $45.28 +7.60 (+20.2%)

First Day Return: -8.4%

Return from IPO: -0.8%

Industry: Financials

Our mission to democratize finance for all drives our revenue model. We pioneered commission-free trading with no account minimums, giving smaller investors access to the financial markets. Many of our customers are getting started with less, which often means they’re trading a smaller number of shares. Rather than earning revenue from fixed trading commissions which, before Robinhood introduced commission free trading, had often ranged from $8 to $10 per trade, the majority of our revenue is earned through payment for order flow. We also earn net interest revenues, primarily from our securities lending program and interest earned on margin lending and cash deposits, net of borrowing costs related to our revolving lines of credit. We also earn subscription revenue from our Robinhood Gold product.
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IPO News for Robinhood Markets
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IPO Data
IPO File Date 07/01/2021
Offer Price $38.00
Price Range $38.00 - $42.00
Offer Shares (mm) 55.0
Deal Size ($mm) $2,090
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 07/28/2021
Offer Price $38.00
Price Range $38.00 - $42.00
Offer Shares (mm) 55.0
Deal Size ($mm) $2,090
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Menlo Park, CA
Founded 2013
Employees 2,100
Website robinhood.com