
Increasing workforce effectiveness and competency via technology
Technology can assist in improving the way employees complete jobs. It may speed up existing processes or open up new …
July 21, 2021: According to an amended SEC filing, Robinhood is seeking a market valuation of as much as $35 billion in its future initial public offering.
According to the updated prospectus, the stock trading company will seek to sell its share at a range of $38 to $42 per share. During its roadshow, Robinhood is looking to sell 55 million shares at that range to raise as much as $2.3 billion.
Robinhood is planning to trade under the symbol “HOOD” on the Nasdaq, also updated several of its financial and user metrics in the updated filing. The company estimates it has 22.5 million funded accounts (those tied to a bank account), up from 18 million in the first quarter of 2021.
Menlo Park, the California-based free-trading pioneer, estimates second quarter 2021 revenue between $546 million and $574 million. This would be a 129% increase in revenue from the $244 million made in the second quarter of 2020. The company generated $522 million in revenue in the first quarter of 2021.
Robinhood’s last private market valuation was $11.7 billion, raised last September.
Goldman Sachs, Citigroup, and JPMorgan are the lead underwriters on the deal, among other banks.
Robinhood also offers equity, cryptocurrency, and options trading and cash management accounts and is expected to make its public debut by the end of next week.
Technology can assist in improving the way employees complete jobs. It may speed up existing processes or open up new …
Total Quality Management (TQM) is an organisational philosophy that small business owners and managers adopt rather than a particular management …
We all struggle with self-doubt, but this struggle can be especially difficult for those in leadership positions. Leaders are expected to be …
Diversity and inclusion (D&I) include more than just headcounts, rules, or initiatives. Equitable employers outperform their rivals by valuing each team …
Whether you’ve recently been promoted to the executive level or have been with the company for 10+ years, one thing will never change. Human nature, like …
Regardless of your job title or business, you can be obliged to participate in negotiations from time to time as a business professional. Chances are, you are currently …
March 31, 2023: Initial filings for unemployment insurance ticked higher in the previous week but remained generally low in a tight …
March 31, 2023: Initial filings for unemployment insurance ticked higher in the previous week but remained generally low in a tight …
March 30, 2023: In February, Higher mortgage rates took a few of the juice out of the housing development. After a sharp gain, pending home sales …
March 30, 2023: Saudi Arabia’s cabinet allowed a decision to enter a China-led security bloc, which makes Riyadh’s eastern …
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you