Robinhood Markets, Inc. Announces Partial Exercise of IPO Underwriters’ Over-Allotment Option to Purchase Additional Shares
30 Agosto 2021 - 10:00AM
As previously announced, in connection with its initial public
offering (“IPO”), Robinhood Markets, Inc. (“Robinhood”) (NASDAQ:
HOOD) granted the underwriters of its IPO a customary 30-day
over-allotment option to buy up to an additional 5,500,000 shares
of Class A common stock from Robinhood at the IPO price, less
underwriting discounts and commissions. Today, Robinhood announced
that the IPO underwriters have partially exercised their
over-allotment option and will purchase 4,354,194 shares of Class A
common stock (the “Additional Shares”) at the IPO price of $38.00,
less underwriting discounts and commissions. The net proceeds to
Robinhood from the sale of the Additional Shares will be
approximately $158.5 million. Robinhood expects to close the
issuance of the Additional Shares on August 31, 2021.
Goldman Sachs & Co. LLC and J.P. Morgan acted as joint lead
book-running managers for the offering. Barclays, Citigroup and
Wells Fargo Securities acted as additional book-running managers
for the offering.
A registration statement relating to this offering was declared
effective by the Securities and Exchange Commission (“SEC”) on July
28, 2021. The offering was made only by means of a prospectus (the
“Prospectus”), copies of which 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.
About Robinhood
Robinhood 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
Media
press@robinhood.com
Investor Relations
ir@robinhood.com
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