Robinhood files for Nasdaq IPO at what's expected to be a $40B valuation (update) https://seekingalpha.com/news/3712021-robinhood-files-for-nasdaq-ipo SEC filings for HOOD: https://www.sec.gov/edgar/browse/?CIK=1783879 S-1 https://www.sec.gov/Archives/edgar/data/0001783879/000162828021013318/robinhoods-1.htm https://seekingalpha.com/symbol/HOOD .
No, the record breaking fine is just a business expense to Robinhood. We should be fine to be investing and share in the democratic wealth creation. This means go all on HOOD everybody.
Robinhood said in the filing that Class A shares will have one vote each, while Class B stock will have 10 and Class C will have zero. Momma didn't raise no dummy.
Prospectus index https://www.sec.gov/Archives/edgar/data/0001783879/000162828021015076/0001628280-21-015076-index.htm Prospectus direct link https://www.sec.gov/Archives/edgar/data/0001783879/000162828021015076/robinhood424.htm Class A common stock offered by company 52,375,000 shares. Class A common stock offered by the selling stockholders 2,625,000 shares. lass A common stock to be outstanding after offering 710,596,801 shares Class B common stock to be outstanding after offering 131,807,224 shares. Total common stock to be outstanding after offering 842,404,025 shares Market cap at IPO price of $38.00 38.00 * 842.404 million = $32.011 billion Market cap at high price of $85.00 85.00 * 842.404 million = $71.604 billion
down it goes. will it hit $10? either the IPO was priced too high, or the HOOD is not doing that great.