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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.
Updated Sep 14, 2021, 10:40 a.m. Published Dec 9, 2020, 12:55 a.m.
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.
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- 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.
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