VC-backed stock trading app Robinhood sets IPO pricing terms: CNBC

Stock trading app Robinhood is seeking a market valuation as high as $35 billion for its upcoming IPO, reported CNBC, citing an SEC filing.

Stock trading app Robinhood is seeking a market valuation as high as $35 billion for its upcoming IPO, reported CNBC, citing an SEC filing. Robinhood is looking to sell 55 million shares of its stock at a price range between $38 and $42 per share. Robinhood will list the stock on the NASDAQ under the ticker symbol “HOOD.” Goldman Sachs, Citigroup and JPMorgan are the lead underwriters on the deal. Robinhood’s backers include D1 Partners, Sequoia, Kleiner Perkins and GV.

Source: CNBC