Robinhood IPO
Robinhood is the commission-free trading app that popularized stock and crypto investing among younger retail investors. The company went public on the Nasdaq in July 2021 and played a central role in the 2021 meme stock phenomenon. Robinhood has since expanded into retirement accounts, credit cards, and crypto wallets.
Key Facts
| Industry | Financial Technology |
| Founded | 2013 |
| Headquarters | Menlo Park, CA |
| Employees | ~3,400 |
| Website | robinhood.com |
| Funding | Public company since July 2021. Pre-IPO total raised: $5.6B |
About Robinhood
Robinhood pioneered commission-free stock trading through its mobile-first brokerage platform, democratizing access to financial markets for younger and previously underserved investors. The company's intuitive app design and gamified user experience attracted millions of users who had been priced out of traditional brokerage services. Robinhood generates revenue primarily through payment for order flow (PFOF), selling order data to market makers, and premium subscription services rather than charging trading commissions.
The company went public in July 2021 amid significant controversy surrounding its role in the GameStop trading frenzy and regulatory scrutiny of its business practices. Despite facing challenges including regulatory fines and questions about its PFOF revenue model, Robinhood has expanded into cryptocurrency trading, cash management, and retirement accounts. The platform's influence on the broader brokerage industry is undeniable, as major competitors like Charles Schwab and Fidelity eliminated commissions in response to Robinhood's success.
IPO Status
Robinhood went public on the Nasdaq under ticker HOOD in July 2021 at $38 per share. The IPO was one of the most hyped of 2021 amid the meme stock era. Robinhood has since expanded into retirement accounts, crypto wallets, and credit cards.
Competitors
Frequently Asked Questions
Does Robinhood have a stock?
Yes, Robinhood is already publicly traded. The company went public on the Nasdaq under ticker HOOD in July 2021.
When is the Robinhood IPO date?
Robinhood's IPO date was July 29, 2021. The stock priced at $38 per share during one of the most high-profile IPOs of the meme stock era.
How can I buy Robinhood stock?
You can buy Robinhood stock (HOOD) through any major brokerage account, including on Robinhood's own platform.
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