Robinhood Markets, Inc. Announces Pricing of Initial Public Offering
28 Julho 2021 - 9:30PM
Robinhood Markets Inc. today announced the pricing of its initial
public offering of 55,000,000 shares of its Class A common stock at
a price to the public of $38.00 per share. In the offering,
52,375,000 shares are being offered by Robinhood and 2,625,000
shares are being offered by existing stockholders. The underwriters
will have a 30-day option to buy an additional 5,500,000 shares
from Robinhood at the initial public offering price, less
underwriting discounts and commissions. The net proceeds to
Robinhood from the sale of Class A common stock in this offering
will be approximately $1.89 billion. Robinhood will not receive any
proceeds from the sale of shares by the selling stockholders.
Robinhood intends to use the net proceeds for working capital,
capital expenditures, funding its anticipated tax obligations
related to the settlement of RSUs, and general corporate purposes
including increasing its hiring efforts to expand its employee
base, expanding its customer support operations and satisfying its
general capital needs.
The shares are expected to begin trading on the Nasdaq Global
Select Market on July 29, 2021, under the ticker symbol “HOOD”. The
offering is expected to close on August 2, 2021, subject to the
satisfaction of customary closing conditions.
Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint
lead book-running managers for the offering. Barclays, Citigroup
and Wells Fargo Securities are acting as additional book-running
managers for the offering.
A registration statement relating to these securities was
declared effective by the Securities and Exchange Commission on
July 28, 2021. The offering is being made only by means of a
prospectus. Copies of the prospectus relating to the offering may
be obtained from: Goldman Sachs & Co. LLC, Attention:
Prospectus Department, 200 West Street, New York, New York 10282,
telephone: 1-866-471-2526, facsimile: 1-212-902-9316, or by
emailing prospectus-ny@ny.email.gs.com; or J.P. Morgan Securities
LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717, telephone: 1-866-803-9204, or by emailing
at prospectus-eq_fi@jpmchase.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
All investments involve risk and loss of principal is
possible.
Robinhood Financial LLC is a registered broker dealer (member
SIPC). Robinhood Securities, LLC provides brokerage clearing
services (member SIPC). Robinhood Crypto, LLC provides crypto
currency trading. All are subsidiaries of Robinhood Markets, Inc.
(‘Robinhood’).
© 2021 Robinhood Markets, Inc. Robinhood® 1739987
About Robinhood
Robinhood Markets is on a mission to democratize finance for
all. With Robinhood, people can invest with no account minimums
through Robinhood Financial LLC, buy and sell crypto through
Robinhood Crypto LLC, and learn about investing through
easy-to-understand educational content. Robinhood aims to build the
most trusted and most culturally relevant money app worldwide.
Contacts
Mediapress@robinhood.com
Investor Relationsir@robinhood.com
Robinhood Markets (NASDAQ:HOOD)
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