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In a Monday filing, Robinhood Markets Inc announced that its initial public offering in the United States is aiming for a valuation of up to $35 billion, setting the stage for one of the most eagerly awaited stock markets debuts this year. According to Reuters, Robinhood was looking for an IPO price of up to $40 billion. The IPO will sell about 55 million shares, with prices likely to range between $38 and $42, according to the firm. If priced at the top of the spectrum, this would raise nearly $2.3 billion. In March, Bloomberg Intelligence projected that Robinhood may be worth between $13 billion and $40 billion.

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