Robinhood IPO Listing Day 29th July 2021
Caproasia.com | The leading source of data, research, information & resource for financial professionals, institutional investors, professional investors and private investors (UHNWs, & HNWs). Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.





Robinhood IPO on NASDAQ with $32 Billion Market Value, Founders Become Billionaires $2 Billion Each

30th July 2021 | Hong Kong

Robinhood, the United States commission free brokerage, has IPO on NASDAQ at a market capitalisation of $32 billion ($38) with share price dropping 8% on day 1 (29/7/21: Closing $34.82, $29 billion market cap).  The IPO also turned founders Stanford University roommates Vlad Tenev (Age 34, CEO & President) and Baiju Bhatt (Age 36, Chief Creative Officer & Director) into billionaires with $2.1 billion and $2.4 billion each.  The IPO underwriters are Goldman Sachs and JP Morgan Chase, with 20% to 35% of shares allocated to Robinhood users, selling 52.4 million of shares and raising $2 billion in IPO proceeds.  (IPO ~ Initial Public Offering)

“ Robinhood IPO on NASDAQ with $32 Billion Market Value, Founders Become Billionaires $2 Billion Each “

 



2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


Robinhood, Commission Free Brokerage

Robinhood IPO On NASDAQ
Robinhood IPO Listing Day 29th July 2021

Robinhood was founded in 2013 by Stanford University roommates Vlad Tenev (CEO & President) and Baiju Bhatt (Chief Creative Officer & Director) to give everyone access to financial markets, upon discovering big Wall Street firms were paying next-to-nothing to trade stocks, while most Americans were charged commission for every single trade.   

Robinhood commission free investing forced the brokerage industry to drop commissions and in 2020, became the 3rd largest brokerage behind Fidelity and Charles Schwab.  

Robinhood easy-to-use trading platform is popular among young investors and students.  Robinhood provides commission free investing to United States listed securities and selected OTC securities.  Investors can invest from $1 onwards, providing equity, cryptocurrency, options trading and cash management accounts.  In 2021 Q1, Robinhood has 18 million clients and with around $80 billion of assets.

In 2020, Robinhood reported revenue of $959 million and net income of $7.45 million.  In 2021 Q1, Robinhood reported a loss of $1.4 billion due to losses incurred from GameStop trading frenzy.  

Voting Power of Co-Founders:

  • Vlad Tenev, CEO & President: 26.3% (Age 34, $2.1 billion share value)
  • Baiju Bhatt Chief Creative Officer & Director: 39% (Age 36, $2.4 billion share value)

 

Billionaires:

IPOs



Caproasia.com | The leading financial website for financial professionals, professional investors and HNW investors. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quicklinks: Caproasia Access | TFC | Caproasia | Jobs

Join 14,000+ leading financial professionals and professional investors in Asia. Stay ahead of your peers & competition.
For press release, email to press@caproasia.com
For editorial, media kit, listing on TFC, events, seminars or research & data services, email to mail@caproasia.com


Previous article$606 Billion Asset Manager Aberdeen Standard Investments Setup Sustainability Institute in APAC, to Launch New Sustainable Funds
Next articleCiti Global Wealth APAC Gained $15 Billion Net Asset in 2021 1H, To Hire 1100 Private Bankers & Relationship Managers by 2025
Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia