Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    A Battle of Foldables: Samsung Galaxy Z Fold7 vs. Vivo X Fold 5

    July 28, 2025

    Kinetic Brings Back the Iconic DX in a New Electric Avatar

    July 28, 2025

    Under Armour Vanish Elite — The Activewear That Quietly Does Its Job

    July 28, 2025
    Facebook X (Twitter) Instagram
    • Subscribe to the Magazine
    • Join our Newsletter
    • Influencer News
    Monday, July 28
    Facebook X (Twitter) Instagram Pinterest YouTube Tumblr LinkedIn
    Exhibit TechExhibit Tech
    • Home
    • Tech & AI
      • Tech News
      • Tech Launches
      • Tech Features
      • Gaming
      • AI & Robotics
      • Social Media
      • Cybersecurity
      • FinTech
      • Crypto
      • Space
      • Software & Apps
    • Reviews
      • Smartphone Reviews
      • Smartwatch Reviews
      • Headphone Reviews
      • Laptop Reviews
      • Tablet Reviews
      • Earbud Reviews
      • Camera
      • Speakers
      • PC components
      • Accessories
      • Best TV Reviews in India – Find Your Next Screen with Exhibit.tech
      • Compare the Best Gadgets in India – Smartphones, Laptops, Wearables & More
      • Best Gadget to use
    • Auto
      • Auto News
      • Auto Reviews
      • Auto Tech
      • Vehicles
        • Cars
        • Bikes
    • Deals and Offer
    • Lifestyle
      • Travel
      • Entertainment
        • Fashion
        • Sports
        • OTT
        • Music
        • Movies
      • Watches
      • Health
      • Sneakerhead
      • Photography
      • Lifestyle Features
    • Guides
      • Explained
      • How To’s
      • How Big Is
      • Tips and Tricks
      • Screw Ups
    • Interviews
      • Creators
      • Tech Talks
      • Celebrities
      • Top 100 Leaders
        • Tech & Auto 2025
      • Trending Talks
      • Founder’s club
      • Petrol Head
      • Marketing Minds
      • Editor’s note
    • Events
      • Influencex Awards
        • InfluencEX Winner 2024
        • InfluencEX Winner 2023
      • Exhibit Tech Awards
        • Tech Awards Winners 2024
        • Jury 2024
        • Tech Awards Winners 2023
      • Tech Fashion Tour
      • TopGear India Awards
    Exhibit TechExhibit Tech
    Home >> Stocks >> Trading App Robinhood Seeks $35 Billion Valuation In It’s IPO
    Explained

    Trading App Robinhood Seeks $35 Billion Valuation In It’s IPO

    By Sandesh BhosleJuly 22, 2021Updated:June 5, 20245 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Trading App Robinhood Seeks $35 Billion Valuation In It's IPO
    Share
    Facebook Twitter LinkedIn Pinterest Email

    We have heard a lot of folklores about the heroic archer and legendary outlaw Robinhood, who’s believed to rob the rich to give to the poor. However, we’re unsure whether he used to donate the stolen money to the poor or put it into his pocket, but over the centuries, his name has been used by people to showcase the good side of the world.

    The Foundation:

    In April 2013, Stanford University roommates, Vladimir Tenev and Baiju Bhatt co-founded Robinhood Markets, an American financial services company, and they chose the name Robinhood for their company because it was started with a mission to “provide everyone with access to the financial markets, not just the wealthy.” Over the next few years, the firm rose successfully in the financial market, making its founders billionaires.

    The firm officially launched its trading app in March 2015, and its original product was commission-free trades of stocks and exchange-traded funds. Later on, in 2018, the company announced a waitlist for commission-free cryptocurrency trading and began offering to trade Bitcoin and Ethereum to users in California, Missouri, and Montana.

    A Move That Changed The World Of Stock Market:

    Trading App Robinhood Seeks $35 Billion Valuation In It's IPO

    In 2019, along with Robinhood, other trading firms like Charles Schwab, ETrade, and TD Ameritrade began offering no-fee stock trading to retail investors, which was an influential moment for the little guy on the trading floor. Earlier, it has always been a wealthy person’s game, but this radical move from Robinhood and its peers changed the world of the stock market industry.

    Over the years, the online brokerage firm got caught up in several controversies, but still, it successfully maintained its steady growth. The one event that helped the company grow the most was the arrival of Covid-19; during the pandemic, when every other business moved towards their low lifetime profits, Robinhood shined bright and moved upwards.

    The signature move from Robinhood reaped the attention of all ages, especially of millennials, as it incentivized users to invite friends and family, offering a free or cheap stock. The company app created a great user and customer experience, which helped them surpass 10 million users. It went further to offer its users more than one way to buy a stock which turned the online brokerage industry on its head and helped Robinhood achieve unparalleled success.

    The Most Awaited IPO:

    Trading App Robinhood Seeks $35 Billion Valuation In It's IPO

    The trading firm earns a significant amount through the interest earned on customers’ cash balances, selling order information to high-frequency traders and via margin lending. Recently, Robinhood disclosed it will open its books to the world as it plans to sell shares at $38 to $42 each and is supposed to raise $2.3 billion in an initial public offering. 

    The trading app’s popularity has surged over the past one and half years, especially during the coronavirus lockdown. The closed doors paved the way for new investors, and the easy-to-use interface of the app encouraged users to make an investment in commission-free trades in stocks, exchange-traded funds, and cryptocurrencies.

    The trading firm is expected to start trading on the Nasdaq Stock Market under the symbol HOOD, on 29th July and is expected to seek a $35 billion valuation in its initial public offering. About 55 million shares are being offered in the IPO, and out of them, 2.63 million shares are being offered by the company’s founders and chief financial officers themselves.

    The IPO will leave Robinhood founders with heavy influence over the company as they will hold a majority of the voting power after the offering, with Bhatt having around 7.9% economic interest and 39% of the voting power, whereas Tenev will hold about 7.9% of Robinhood’s outstanding stock as well as 26.2% of the voting power. Along with these, all the Class B shares will be in their purse.

    Robinhood’s revenue spiked 245% to $959 million last year, and that’s the vital speculation investors and other firms are eagerly waiting for the big day. According to a few reports, Salesforce Ventures is looking to purchase up to $150 million worth of Class A common stock at the IPO price. Also, some reports suggest, the trading firm is planning to reserve about 20-35% or one-third of IPO shares for its customers.

    Robinhood is a pioneer in the no-commission brokerage model, and the trading in the meme stocks helped the company grow bigger than anything in its revenue from January to March. Robinhood’s list of recent challenges is endless, but how the trading firm manages to conquer them is an impeccable ride. Currently, Robinhood is Silicon Valley’s most valuable private company and is one of the fastest-growing fintech start-ups in the world, which has achieved remarkable targets. The final part of Robinhood’s long road to going public and also the company’s future depends on whether it empowers their inner Warren Buffett or gets ambushed in an excess obsession with uncertainty.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Sandesh Bhosle

    Related Posts

    What is RAM and Why It Matters (More Than You Think)

    July 25, 2025

    Silicon-Carbon (Si/C) Batteries Explained

    July 22, 2025

    Inside Apple’s Secret AI Upgrade: How It Works, What Powers It, and Where the Data Comes From

    July 22, 2025

    Comments are closed.

    Top Posts

    What is RAM and Why It Matters (More Than You Think)
    July 25, 2025
    Silicon-Carbon (Si/C) Batteries Explained
    July 22, 2025
    Inside Apple’s Secret AI Upgrade: How It Works, What Powers It, and Where the Data Comes From
    July 22, 2025
    ChatGPT vs Perplexity: What’s the Difference and Which One Should You Use?
    July 21, 2025
    Can Smart Home Tech Prevent Electrical Fires?
    July 14, 2025
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • Twitter
    • Instagram
    • Pinterest
    • LinkedIn
    • Reddit

    Subscribe to Updates

    Latest Posts
    Best Gadgets To Use

    A Battle of Foldables: Samsung Galaxy Z Fold7 vs. Vivo X Fold 5

    By Shintu DhangJuly 28, 2025
    Auto & EV

    Kinetic Brings Back the Iconic DX in a New Electric Avatar

    By Aadithya HarishJuly 28, 2025
    Fashion

    Under Armour Vanish Elite — The Activewear That Quietly Does Its Job

    By Munzela RizviJuly 28, 2025

    Exhibit.Tech, we’re your one-stop destination for everything tech! Whether it’s breaking news about the latest launches from giants like Sony, Vivo, Apple, Huawei, OnePlus, Sennheiser, Poco, and more, or in-depth reviews of mobiles, smartwatches, headphones, TVs, and earbuds – we’ve got you covered.

    Our reviews go beyond the surface, highlighting the pros and cons to help you make informed buying decisions. We’re here to simplify your tech journey with practical tips, tricks, and comprehensive “how-to” guides across a wide range of topics.

    Think of us as your friendly tech companion, helping you stay updated and make sense of the ever-evolving tech world with clarity and ease. At Exhibit.Tech, we make tech work for you!

    Most Popular

    What is RAM and Why It Matters (More Than You Think)

    July 25, 2025

    Tensor Processing Units (TPUs): What They Are and Why They Matter in AI

    June 10, 2025

    Silicon-Carbon (Si/C) Batteries Explained

    July 22, 2025
    Our Pick

    Marketing Minds – Vishesh Magoo, Assistant Director (Head of Camera Business Unit), Canon India

    July 8, 2025

    Vikram Pawah – President & CEO of BMW India – Leaders In Tech & Auto

    July 5, 2025

    Velusamy R President Automotive Technology and Product Development of Mahindra & Mahindra – Leaders In Tech & Auto

    July 5, 2025
    Facebook X (Twitter) Instagram Pinterest YouTube
    • About Us
    • Careers
    • Contact Us
    © 2025 Exhibit Technologies | All Rights Reserved

    Type above and press Enter to search. Press Esc to cancel.

    Subscribe to our Newsletter

    Get the most exciting tech news, trends, and breakthroughs delivered straight to your inbox.