Robinhood Files for Initial Public Offering on Nasdaq Under Ticker HOOD
Robinhood Markets officially submits its S-1 registration to the SEC, taking a major step toward going public. The popular trading platform plans to list its Class A common stock on the Nasdaq.
Robinhood Markets, Inc. officially files a registration statement on Form S-1 with the Securities and Exchange Commission for its proposed initial public offering. The popular trading platform seeks to list its Class A common stock on the Nasdaq Stock Market under the ticker symbol "HOOD."
The company reveals that the exact number of shares to be offered and the price range for the proposed offering are not yet determined. A roster of major financial institutions leads the process, with Goldman Sachs & Co. LLC and J.P. Morgan acting as joint lead book-running managers.
Barclays, Citigroup, and Wells Fargo Securities join the effort as active book-running managers for the highly anticipated IPO. The registration statement is currently filed but not yet effective, meaning the shares cannot be sold until the SEC approves the official documentation.