About the company
Robinhood provides a mobile app and website that offer people to invest in stocks, ETFs, options, and cryptocurrencies with zero commission.
Valuation
$29.33B
Country
USA
Founded
2013
Lead investors
Index Ventures
New Enterprise
Sequoia Capital
Business highlights
1
In January 2021, Robinhood was at the centre of Reddit's /r/WallStreetBets battle against hedge funds. Thousands of activist investors bought GameStop stock, forcing a "short squeeze" on the hedge funds' positions.
2
Robinhood added $3.4 billion to its balance sheet during the GameStop stock squeeze after suspending trades for a week.
3
In July 2021, Robinhood had a successful listing on NASDAQ under the ticker name HOOD. Investors valued Robinhood on its IPO date at $32 billion, while the company raised $2,1 billion for further development.
Management
CEO
Baiju Bhatt
CFO
Jason Warnick
Deal terms
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