Robinhood eyes $30 billion IPO deal
The immense growth of this American trading fintech company has positioned it for a juicy offer.
Robinhood was established in 2013 by Vlad Tenev and since then, it has grown to become one of the most loved stock exchange trading platforms by thousands of millennials across the world due to its simplicity and user-friendliness.
In the past year, Robinhood endured backlash from some of its customers, regulators, and billionaires like Warren Buffett and Charlie Munger. There were debates about if Robinhood is taking away the essence of stock market trading by watering it down a little too much.
Despite all of these, the company has grown to become one of the most valuable fintech companies in California, USA, with a net value of $11.7 billion.
Robinhood is said to be contemplating giving its users the first access to investing in its initial public offering shares while it anticipates support from other investors.
