Hi everyone 
You guys have probably already read the news but Robinhood is going public today!
About Robinhood 
Robinhood Markets Inc is a financial service platform that was founded in 2013 with a mission to âdemocratize investing for allâ. It has built a user-friendly service to give people access to the financial markets via a commission-free trading mobile app.
Half of Robinhoodâs customers are novice American investors and many opened their accounts in the past year. Robinhood gained a lot of popularity during the pandemic as many people were home and were sitting on stimulus cheques they thought might be put to better use in a brokerage account. As of March 31, 2021, the company had 18 million funded accounts, up from 12.5 million at the end of 2020.
In the past year Robinhood had also to deal with a couple of controversies. For example they were involved in a trading outage scandal which resulted in a massive customer backlash. They also had feuds with two of the worldâs most famous investors, Warren Buffett and Charlie Munger. Robinhood also faces 49 class action lawsuits and three individual actions in federal and state courts relating to the early 2021 trading surge.
Expectations 
The Menlo Park, California-based company is seeking a valuation of up to $35bn as it aims to price its shares between $38 and $42 apiece.
Stats 
Users: 18 million
Revenue in 2020: $959 million
Profit in 2020: $7.5 million
Mar-21 quarter revenue: $522.2 million
Ticker symbol: HOOD
Interesting to read 
- Can Robinhood Ride the Bull?
- For Robinhoodâs Tenev, Dreams of a $40 Billion âStonkâ Blowout
- Robinhood IPO | S-1 Breakdown
- Robinhood gaat naar de beurs met omstreden verdienmodel
- âReken maar op vuurwerkâ â 6 experts delen hun verwachtingen over de beursgang van beleggingsapp Robinhood
Do you think that Robinhood will be an interesting stock? 
- Yes
- No
- Idk, yet
0 voters
