Robinhood Hires Goldman Sachs to Lead Possible $20B+ IPO: Report

Trading app Robinhood has chosen Goldman Sachs to lead the way for an initial stock offering, people familiar with the matter told Reuters.

AccessTimeIconDec 9, 2020 at 12:55 a.m. UTC
Updated Sep 14, 2021 at 10:40 a.m. UTC

Trading app Robinhood has chosen Goldman Sachs to lead the way for an initial stock offering that could come in 2021 and value the trading app firm at more than $20 billion, people familiar with the matter told Reuters.

  • 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.
  • Neither Goldman nor Robinhood declined to comment, the newspaper said.

The story is developing and will be updated as more information is known.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.