Powered by

The Funded: Robinhood may join the band of Bay Area IPO companies next year

Dec 09, 2020 - Silicon Valley Business News
Mergers and Acquisitions-Investments

Robinhood Markets Inc. has reportedly taken a step toward going public next year in an offering that could value the business at more than $20 million.

Reuters cited unnamed sources who said the Menlo Park-based stock trading app provider has hired Goldman Sachs Group Inc. to lead the IPO.

The company was valued at about $11.7 billion when it raised funds in September. It has raised over $2 billion from investors who include venture capital investors such as Andreessen Horowitz, Se...