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

are the lead investment banks on the deal. Underwriters will have an option to buy an additional 5.5 million shares.

In its updated prospectus, Robinhood estimated second quarter revenue of $546 million to $574 million, up from $244 million in the second quarter of 2020. Revenue jumped 309% in the first quarter to $522 million from $128 million a year prior. However, Robinhood expects to swing to a net loss of $487 million to $537 million in the second quarter after turning a profit in the same quarter last year.

Robinhood collected $331 million in payment for order flow – the money brokerage firms receive for directing clients' trades to market makers – in theOptions trading accounts for about 38% of revenue while equities and crypto are 25% and 17% of revenues, respectively. But Robinhood warned that the brokerage could see a slowdown in its trading revenue and account growth as the retail trading boom cools.

Competitors of Robinhood include Fidelity, Charles Schwab, Interactive Brokers and newer services like Webull and SoFi.

andrewrsorkin This says a lot

andrewrsorkin Michael Burry Warns Retail Traders About the 'Mother of All Crashes'

andrewrsorkin Let’s make robinhood a meme to shit on. $hood. Let’s make it the first meme stock to get shit on and crushed. memestock gme amc wsb wallstreetbets hood shortrobinhood

andrewrsorkin

andrewrsorkin good luck

andrewrsorkin memeshort

andrewrsorkin Zero, git fkd ya uggo basta

Sob stories don’t make up for ripping off millions of people.

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Robinhood prices IPO at bottom of range, valuing trading app at $26.7 billionRobinhood Markets Inc. priced its initial public offering at the bottom of its expected range Wednesday night, which still values the company at more than... good Trash company Wouldn’t touch it….it’ll get shorted and slammed immediately after they make the initial pump…
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Here’s How to Buy Shares in the Robinhood IPOWant to buy shares in the Robinhood IPO? You'll have to go to the company itself. I’m shorting Robinhood $hood Ignore this bullshit. Don’t short or get anywhere near it.
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Uber shares drop as Softbank plans to sell shares to cover Didi lossesCNBC's Deirdre Bosa reports that Softbank plans to sell a block of Uber shares to cover losses from Didi. Softbank planned for a hit and run, but got snatched
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Robinhood, Didi Global, Facebook, Credit Suisse: What to Watch When the Stock Market Opens TodayRobinhood Markets will begin trading on the Nasdaq today; Didi Global shares are bouncing on a report it is considering going private.
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