Alphabet and Roc Nation-backed share and crypto trading platform developer RobinHood floated at the bottom of its range but still raised almost $2.1bn.
US-based online trading platform developer Robinhood Markets floated yesterday in a $2.09bn initial public offering representing exits for internet and technology group Alphabet and entertainment agency Roc Nation.
The company priced 55 million shares at the foot of the IPO’s $38 to $42 range. It issued nearly 52.4 million on the Nasdaq Global Select Market while the remaining shares were divested by co-founders Vladimir Tenev and Baiju Bhatt and chief financial officer Jason Warnick.
Robinhood operates an online platform with…
