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Page 7 - யார்க் நிலை துறை ஆஃப் நிதி சேவைகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Robinhood Sets Sights on a $35 Billion Valuation in Its

The company at the center of this year’s meme stock frenzy will market 55 million shares for $38 to $42 each, according to a filing Monday with the U.S. Securities and Exchange Commission. Bloomberg Intelligence in March estimated that Robinhood could be valued in a range of $13 billion to $40 billion.Robinhood aims to raise more than $2 billion in its public debut. With the price range set, it will now proceed with its IPO roadshow. The company’s plans include a live-streamed event on Saturday, opening to the public a type of pre-IPO presentation that’s typically reserved for institutional investors. Its valuation could still change depending on demand for its shares.

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