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Sources: stock-trading app Robinhood is raising around $350M led by DST Global at a $5.6B valuation, a fourfold increase in one year

Russian firm DST Global is leading the $350 million investment in the stock-trading app  —  Robinhood Financial LLC is set to be valued at about $5.6 billion …

Wall Street Journal

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Discussion

  • @joshconstine Josh Constine on x
    Robinhood's 4X value increase this year is thanks to launching a crypto exchange, web version, & options trading. Look out, Coinbase http://techcrunch.com/...
  • @wsj The Wall Street on x
    Robinhood's app offering free stock trades has drawn more than four million users. The company is now worth more than $5 billion http://www.wsj.com/...
  • @joshconstine Josh Constine on x
    Robinhood investors must love its attack on Coinbase & the crypto exchange space. Value reportedly up 4X in a year to $5.6B http://www.techmeme.com/...