Robinhood Hires Goldman Sachs to Lead Possible $20B+ IPO: Report
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Trading app Robinhood has chosen Goldman Sachs to lead the way for an initial stock offering which could come in 2021 and value the trading app firm at more than $20 billion, people familiar with the matter told the N.Y. Post.
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The company was valued in its last funding round in September at $11.7 billion, showing how the platform has grown during the pandemic and among millennials, the Post said.
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Neither Goldman nor Robinhood declined to comment, the newspaper said.
The story is developing and will be updated as more information is known.
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