In this photo illustration the Robinhood Markets logo is seen on a smartphone and a pc screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)
SOPA Images | LightRocket | Getty Images
This is a developing story. Check back for updates.
Robinhood is seeking a market valuation of as much as $35 billion in its upcoming initial public offering, according to an amended SEC filing.
The stock trading company will seek to sell at a range of $38 to $42 per share, according to the filing. The company is looking to sell 55 million shares at that range to raise as much as $2.3 billion.
Robinhood — which plans to trade under the symbol “HOOD” on the Nasdaq — also updated several of its financial and user metrics in the updated filing. The company estimates it has 22.5 million funding accounts, up from 18 million in the first quarter of 2021.
