Robinhood Goes Public Next Week

The popular trading platform Robinhood is planning to go public with a $2 billion IPO next week. Wealth Daily editor Monica Savaglia goes in-depth about the company and its IPO details. The popular trading platform Robinhood is planning to go public with a $2 billion IPO next week. Wealth Daily editor Monica Savaglia goes in-depth about the company and its IPO details. [Wealth Daily logo] Robinhood Goes Public Next Week [Monica Savaglia Photo] By [Monica Savaglia]( Written Jul 20, 2021 In 10 days, one of the most well-known trading platforms, Robinhood, plans to go public and its expectations are high. Robinhood is aiming for a market valuation of about $35 billion for its upcoming IPO. On Monday, the company released an amended prospectus. Inside that prospectus, the company announced that it plans to sell 55 million shares at a range of $38–$42 per share, which would mean its IPO would earn over $2 billion. Back in September during its last private market valuation, the company was valued at $11.7 billion. Also, in its updated prospectus, Robinhood updated some of its financials and user metrics. As of the second quarter of 2021, Robinhood estimates that it has 22.5 million funded accounts (accounts connected to a bank account). This was an increase from 18 million funded accounts in the first quarter in 2021. As for the company’s revenue, it estimates that second-quarter 2021 revenue was between $546 million and $574 million, which would indicate an increase of about 128% from 2020’s second-quarter — $244 million. Goldman Sachs, Citigroup, and JP Morgan are the lead underwriters on its IPO. Robinhood will be listed on the Nasdaq under the symbol “HOOD.” The company found itself surrounded by this year’s meme stock phenomenon, which brought even more attention to the company and its free trading app. The California-based company was created less than a decade ago in 2014. Its app was designed to give everyday people the opportunity to invest without having to pay commissions. This objective has forced some of Robinhood’s rivals to follow suit by getting rid of commissions and offering apps that made trading easier and more approachable. Apple’s Ultimate Masterpiece About to Hit the Market Folks, Apple has been running the personal technology game for decades. Every single gadget it's ever released has been a smash hit. And now, it's ready to release what could be its final product. Its magnum opus. One product that could replace every single device you own. And best of all, it could make you unbelievably rich. And as if that’s not enough — you don’t have to buy a single share of Apple’s stock to do it. [Click here to find out what Apple’s planning...]( Robinhood Grew Its Revenue and Users Robinhood’s platform has soared in the past year and a half. The coronavirus pandemic and the restrictions put in place because of the pandemic left many people at home in search of new ways to spend their time — and money. Many people were working from home and now had the time to learn about trading and to pay attention to the markets. Robinhood’s platform was easy to use and quickly became a go-to for these new investors who gained an interest in trading. Then you add in the excitement at the beginning of 2021 with meme stocks like the infamous GameStop (NYSE: GME) rally, which could be the reason behind Robinhood’s surge in revenue from January–March... Not to mention that the IPO market continues to be busy and robust. According Renaissance Capital's calculations, June closed out on a high note with the busiest week for traditional IPOs since 2004. Dealogic states that U.S. IPOs have already totaled about $171 billion in 2021, which has already surpassed 2020’s record $168 billion. The IPO market is hotter than ever, and an IPO from Robinhood couldn’t come at a better time for the company. The Backing That Robinhood Needs The global investment arm of Salesforce.com has an interest in purchasing up to $150 million worth of Class A common stock at Robinhood’s IPO price. Salesforce Ventures aims to invest in next-generation technology, so if it’s investing in Robinhood it must believe that the company and its platform will have an impact on the future of technology. Another unique aspect about Robinhood’s upcoming IPO is that it expects to allow its users to buy at its IPO. Robinhood expects to sell between 20% and 35% of its IPO shares to its users — equating to about 18.3 million shares. Robinhood has prided itself on giving retail investors the opportunity and accessibility to participate in stock trading, something that most retail investors thought was off-limits for them. Invest in Companies BEFORE They Go Public If you’re investing in stocks, especially in technology stocks, then you’re missing out BIG TIME! In fact, according to Inc., you’re missing out on "95% of the gains." For every $100 in profit those companies are making investors, you’re only getting five measly bucks. If that sounds unfair and you want access to the other 95% of the profits, then I’ve got an offer for you... Thanks to a recent act of Congress, the private markets where all those profits are taken, which were once off-limits to all but the super-wealthy and well-connected, are now open to all. [Just click here and you’ll learn how to get started today...]( Unfortunately, a lot of everyday people thought investing was something that they couldn’t do, but Robinhood wanted these people to know that's not true. That is why Robinhood is staying true to its values by giving retail investors better access to IPOs, which have notoriouslty been reserved for wealthier brokerage clients and institutional investors. Instead of having retail investors wait until shares start trading, they will now have access to Robinhood’s IPO shares. However, that doesn’t mean that they'll be exempt from the complications that come along with participating early in an IPO. Investing in IPOs early can be risky for some investors, since the company's goal is generally to sell potential investors on a story in order to earn the most money from its IPO. It's difficult to get the full picture of the company and its financials this early on. Robinhood Goes Public Next Week Robinhood is expected to go public next Thursday, July 29. This IPO is going to be massive and will carry a lot of hype because the company has become so well-known over the past few years and has seen growth in revenue and users since the pandemic. However, at this time, the company might be a little too risky. If interested, this is a company that you'll want to follow after its IPO to get a better understanding of its financials and future growth expectations and really get the full picture of the company. If you are interested in staying ahead and updated on upcoming IPOs and news on the IPO market, [click here to stay up to date.]( Until next time, [Monica Savaglia Signature Park Avenue Digest] Monica Savaglia --------------------------------------------------------------- Get Rich as the EV Race Closes In Some of the planet’s biggest carmakers are fully embracing electric vehicles (EVs). Dodge has pledged to have an electric muscle car by 2024, and Ram will have an electric pickup developed that same year. There’s no doubt that the EV revolution is moving full steam ahead. It’s only a matter of time before the world’s fleet of vehicles completely transitions to electric. 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