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This copy is for your personal, non-commercial use only. Robinhood Markets, the zero-commission investment app, will list its shares next week.
Robinhood is scheduled to price its deal on July 28 and trade the next day, a person familiar with the situation said. Founded inRobinhood offers commission-free trading on stocks and other investments. It employed 1, people in These firms have eliminated online trading commissions as well. The trading start-up is trying to make IPOs accessible for retail investors.
Robinhood customers who take part in its IPO Access can buy shares of certain offerings. In addition to Robinhood shares, customers have a chance to buy stock in two other businesses—Outbrain, an adtech company, and Duolingo, a language-learning website and app—now available on IPO Access, the Robinhood website said.
Robinhood, with the updated prospectusprovided estimates for the second quarter, ending June Robinhood also expects Most of the shares offered in the IPO, or about Co-founders Vladimir Tenev and Baiju Bhatt are each selling 1. Jason Warnick, chief financial officer, is sellingshares, the filing said. Tenev will have Index Ventures will own 4. The prospectus lists 17 investment banks working on the deal.
Goldman Sachs and J. Morgan are the lead underwriters on the deal. Write to Luisa Beltran at luisa. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
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