Robinhood files for long-awaited IPO, says it will set aside up to 35% of shares for retail investors
Popular trading app Robinhood on Thursday filed for its initial public offering, and disclosed that it will set aside up to 35% of shares for retail investors who rarely get to buy at a company's IPO price.
Axios Dan Primack
Related Coverage
- Form S-1 REGISTRATION STATEMENT U.S. Securities …
- Robinhood IPO Filing Shows Power of the Meme-Stock Boom Wall Street Journal
- View article Fintech Today
- Robinhood files for IPO despite ongoing lawsuits and fines AppleInsider · Wesley Hilliard
- Robinhood's going public. Will it go to the moon? Protocol · Source Code
- You'll soon be able to buy Robinhood stock right from the Robinhood app KnowTechie · Kevin Raposo
- Robinhood files to go public CNET · Carrie Mihalcik
- Inside Robinhood's IPO filing: Profitable? How many customers? Trading symbol? Much more WRAL TechWire
- Robinhood IPO filing: Trading app reveals fast growth amid scrutiny Silicon Republic · Sarah Harford
- Brokerage app company Robinhood files to go public Coin Journal · Sam Grant
- Inside Robinhood's wild ride Axios · Courtenay Brown
- Robinhood Spreads the Wealth and Takes a Risk Wall Street Journal · Telis Demos
- Robinhood Files for IPO, Says Dogecoin Is in Demand Crypto Briefing · Mike Dalton
- Robinhood files to go public, sets aside up to 35% of IPO shares for small investors San Francisco Business Journal · Cromwell Schubarth
- Robinhood to pay $70 million for outages and misleading customers, the largest-ever FINRA penalty CNBC · Maggie Fitzgerald
- Robinhood Reveals Profitability in Long-Awaited IPO Filing Bloomberg
- Robinhood IPO Filing Shows Big Loss, Mounting Lawsuits, Loads Of Meme-Stock Speculators PYMNTS.com
- Feds seized Robinhood CEO's phone as part of GameStop trading probe CNBC · MacKenzie Sigalos
- Robinhood Reveals Rising Revenue and a $1.4 Billion Loss New York Times · Erin Griffith
- Robinhood has $80 Billion in Assets, IPO Filing Reveals Blockworks · Casey Wagner
- Robinhood files for IPO, reveals blockbuster pandemic growth New York Post · Will Feuer
- Robinhood says dogecoin accounted for 34% of crypto revenue in Q1 CNBC
Discussion
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@mikeisaac
Rat King
on x
my favorite part of the Robinhood pre-IPO paperwork filing is that the vicissitudes of a meaningless dog-based currency is listed as a serious risk factor to the business https://twitter.com/...
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@tomgara
Tom Gara
on x
This is incredible, 17% of Robinhood's revenue comes from crypto trading and ONE THIRD of their crypto trading revenue is from dogecoin https://twitter.com/...
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@cydharrell
Cyd Harrell
on x
in which the silly flourishes cyberpunk authors put in for fun arrive in our IRL dystopia https://twitter.com/...
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@owenthomas
Owen Thomas
on x
The Protocol | Fintech team does its usual thorough job breaking down the Robinhood S-1 filing. Here's everything you need to know about one of the most-watched upcoming initial public offerings: https://www.protocol.com/...
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@eringriffith
Erin Griffith
on x
“If demand for Dogecoin declines ... our business, financial condition and results of operations could be adversely affected.” https://twitter.com/...
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@hardscifimovies
Konstantin Boristovich
on x
Did they fix their PR crisis already? Or do they just not intend to do that before their IPO? https://twitter.com/...
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@decryptmedia
Decrypt
on x
Robinhood's IPO will be a major event for both crypto and stock markets. The company just revealed key details about its plan https://decrypt.co/... https://twitter.com/...
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@coindesk
@coindesk
on x
.@RobinhoodApp's IPO filing says crypto represented 17% of the firm's total revenue in Q1, with fees from $DOGE trading leading the pack. @JPRubin23 reports https://www.coindesk.com/...
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@teslacharts
@teslacharts
on x
6% of Robinhood's revenue comes from enabling Elon Musk to execute the Dogecoin scam AMAZING https://twitter.com/...
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@hunterwalk
@hunterwalk
on x
if you read that @RobinhoodApp's stock ticker will be HOOD & *immediately* think of a certain DMX song, we're gonna be friends #RIPDMX https://www.youtube.com/... https://twitter.com/...
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@michaelbatnick
Michael Batnick
on x
This is unfreakinbelievable: Robinhood did $277 million in revenue in 2019 and $958 million in 2020. https://sec.report/...
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@jeffjohnroberts
Jeff Roberts
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Wow. 17% of @RobinhoodApp 's revenue came from crypto in Q1 and 34% of that was just Doge (!). So ~6% of overall business is based on a novelty coin 🤔 https://decrypt.co/... https://twitter.com/...
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@stevekovach
Steve Kovach
on x
Elon Musk is now a risk factor for Robinhood https://twitter.com/...
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@convertbond
Lawrence McDonald
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*ROBINHOOD REPORTS 2020 TOTAL REV. $959M VS $278M Y/Y *Reckless growth, grossly under capitalized in February, pays off. This company was essentially insolvent for a week in Q1, now coming public? (2)
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@dee_bosa
Deirdre Bosa
on x
Robinhood S-1 is here https://twitter.com/...
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@lawmaster
Larry Cermak
on x
Some highlights from Robinhood S1: • $11.6 billion of crypto under custody by the end of Q1 • 17% of total revenue came from crypto in Q1, (compared to 4% in Q420) • 34% of total crypto revenue in Q1 came from trading Dogecoin
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@zerohedge
@zerohedge
on x
Citadel accounts for 27% of payments for Robinhood retail orderflow, and Payment for orderflow is 81% of total Robinhood revenue. https://twitter.com/...
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@schuldensuehner
Holger Zschaepitz
on x
WHAT? About half of #Robinhood users are first-time investors. The median Robinhood user is 31yrs old. The median Robinhood account size is just $240; the avg account size is $5,000 as of Feb. https://www.sec.gov/... https://twitter.com/...
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@ekmokaya
Mokaya Erick
on x
Robinhood S1 is here: - Founded in 2013 - 17.7m MAUs (+107% YoY) - Revenues for Q1 2021 $522m (+309%) - Median age of customers: 31 - >50% are first-time investors - Main revenue source: transaction-based including including payment for order flow. https://www.sec.gov/... https:/…
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@cgasparino
Charles Gasparino
on x
Robinhood's S-1 filing is out. Going through it now. Story developing. Read it here: https://www.sec.gov/...
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@julianklymochko
Julian Klymochko
on x
Robinhood S-1 Citadel accounts for approximately 1/3 of revenue “Robbing from the poor to give to the rich” https://www.sec.gov/... https://twitter.com/...
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@bcheungz
Brian Cheung
on x
was this reported before? Robinhood S-1 notes the US Attorney's Office for the Northern District of California executed a search warrant on Vlad Tenev's cell phone after the trading restrictions debacle https://www.sec.gov/... https://twitter.com/...
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@schuldensuehner
Holger Zschaepitz
on x
#Robinhood Markets filed for IPO, saying it has applied to list on Nasdaq under the symbol “HOOD.” Reports 2020 total rev. $959m vs $278m YoY. Trading app reveals it has 17.7 million monthly active users. Underwriters Reserve 20%-35% shares for customers. https://www.sec.gov/... …
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@ericnewcomer
Eric Newcomer
on x
Robinhood generates much more revenue from options trading than selling equities or crypto https://twitter.com/...
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@sawyermerritt
Sawyer Merritt
on x
BREAKING: Robinhood has filed its S-1 to go public in IPO. Robinhood has 18 million accounts managing $80 billion, up form $19B a year ago. Robinhood lost $1.4 billion in the first quarter of 2021. https://www.cnbc.com/...
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@beneisen
Ben Eisen
on x
Want a piece of Robinhood's IPO? The trading app is using its own listing to test the notion that the everyday investor should play a bigger role in the IPO market https://www.wsj.com/... via @rudegeair
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@rudegeair
Peter Rudegeair
on x
Robinhood wants you to buy Robinhood on Robinhood @RobinhoodApp is allocating up to 35% of its IPO shares to its own users, the biggest test yet of a movement to get more retail participation in public offerings https://www.wsj.com/...
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@jason_koebler
Jason Koebler
on x
Robinhood S-1 filing says it's getting deeply and thoroughly probed for its GameStop fiasco. 49 lawsuits, state, federal investigations. Feds seized and searched CEO's phone. Investigations ongoing: https://www.vice.com/...
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@bigblackjacobin
Edward Ongweso Jr
on x
Robinhood is also being investigated by every single alphabet agency under the sun on top of the 49 class action lawsuits thanks to how it restricted meme stock trading earlier this year https://www.vice.com/...
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@danprimack
Dan Primack
on x
Per the Robinhood IPO filing: “a related search warrant was executed by the USAO to obtain Mr. Tenev's cell phone.” ... in relation to the meme stock trade halts.
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@eringriffith
Erin Griffith
on x
So Robinhood revealed all kinds of interesting things in its S-1 filing today. Like: Revenue more than quadruped in Q1! Wow. Will it be able to keep that growth up? The company warned it might not! Here's our story: https://www.nytimes.com/...
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@yunli626
Yun Li
on x
Robinhood — which has about 18 million funded retail clients — lost $1.4 billion in Q1 2021. The company made $522 million in revenue in Q1, up 309% from the $128 million earned in Q1 2020. @mkmfitzgerald on $HOOD https://www.cnbc.com/...
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@ryan_browne_
Ryan Browne
on x
Wow, Robinhood lost $1.4 billion during the meme stock frenzy in Q1 https://www.cnbc.com/...
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@antoniothemexi
Antonio Martinez
on x
They should have planned to list it under “ROB” because it would've been more fitting $AMC $GME https://twitter.com/...
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@quinnypig
Corey Quinn
on x
Companies fail when they can't empathize with their customers. To help avoid that fate Robinhood has lost $1.4 billion in 90 days. https://twitter.com/...
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@ericnewcomer
Eric Newcomer
on x
“For the year ended December 31, 2020, revenue derived from PFOF and Transaction Rebates represented 75% of our total revenues, and for the three months ended March 31, 2021, represented 81% of our total revenues”