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Online brokerage Robinhood is looking for a market valuation of up to $35 billion
By MICHELLE CHAPMAN AP Business Writer
July 19, 2021, 9:01 PM
• 3 min read
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Robinhood, the online brokerage that found itself embroiled in this year s meme stock phenomenon, will go public next week seeking a market valuation of up to $35 billion.
The company said in a regulatory filing Monday that it hopes to price 55 million shares in its initial public offering in a range of $38 to $42 per share. It could raise about $2.3 billion if the shares are sold at the high end of the range.
Share trading app Robinhood pursues $35bn valuation in stock market debut
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