DealmakingFintechM&A / FundingValuations

Robinhood files S-1/A, aims for $35B valuation

Robinhood has finally dropped its S-1/A. If you want to pour through the details yourself—as I certainly will miss something that is pertinent to your curiosity—you should tap here.

Now, onto the broad numbers!

  • The company intends to sell its shares between $38 and $42.
  • It’s targeting a valuation of $35 billion, according to CNBC.
  • Robinhood pulled in over $522 million in Q1 2021. In the same period of 2020, it pulled in a comparatively measly $128 million. Much of that revenue growth is thanks to wild crypto activity in Q1 2021.
  • “The company’s adjusted EBITDA for the second quarter is expected to range from $59 million to $103 million,” according to TechCrunch’s Alex Wilhelm.

The general narrative is that Robinhood’s IPO should be a success, and it’s possible it may even raise its pricing range before its debut. I think this is the most likely scenario as well.

However, Robinhood’s SEC troubles abound, and its business model based on payment order flow is under increased scrutiny. It’s not impossible a heavy dose of bad news drops before the IPO, scuttling a host of well-laid plans.

Latest Articles

Content from our partners

Log In

Forgot Password?

Don't have an account? Please


Forgot Password

Please enter your registered email address below to receive a password reset link.

Check Your Email

A password reset email has been sent to the email address on file for your account, but may take several minutes to show up in your inbox. Please wait at least 10 minutes before attempting another reset.

Welcome to FinAssist

Go to your inbox and open 'Welcome to FinAssist, your company discovery platform' to get started. You may also skip your inbox and 'Start tutorial'.