Robinhood Lowers Valuation in New SEC Filing as It Seeks IPO
July 20, 2021 at 10:43 AM EDT
According to an amended SEC filing on Monday, popular trading app Robinhood is now seeking a market valuation of up to $35 billion in its forthcoming and highly anticipated initial public offering. This is down from the estimated $40 billion, and driven by slowing crypto trading. The company will...