Robinhood - plans to go public


(Mohammed Yousaf) #1

Robinhood is preparing to go public. “Not in the immediate term, but it’s something we’re thinking about very much in the future,” CEO Baiju Bhatt told the TechCrunch Disrupt conference. The zero-fee trading app, which rolled out about three years ago, surpassed rival E-Trade Financial (NASDAQ:ETFC) in May and has a total of 5M brokerage accounts.


#2

Thanks @Mojo786

Some more information:

Surprised they hadn’t recruited a CFO by this stage.


(Mohammed Yousaf) #3

Thanks. Valuation 5 B + , wonder how long it will take Freetrade to get a million users registered.


#4

Guessing next year. Freetrade have some very talented people on the case :slightly_smiling_face:

Looking forward to seeing Robinhood’s ultimate valuation when they float.


#5

I wonder what valuation Freetrade will IPO at :eyes:


(Dave Smith) #6

hmmm… https://seekingalpha.com/article/4205379-robinhood-making-millions-selling-millennial-customers-high-frequency-traders