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No-fee trading app Robinhood on Monday disclosed details for its upcoming IPO, with plans to raise around $2.2 billion at a $33 billion valuation.

Why it matters: This is expected to be one of the largest and most closely-watched IPOs on 2021, as the company's fortunes are closely correlated to the stock-trading among young, retail investors.

Go deeper: Robinhood IPO filing caps stunning rebound

Robinhood sets terms for its IPO

It's expected to be one of the year's largest IPOs.

Illustration of a piggybank wearing a Robin Hood hat.

Robinhood

No-fee trading app Robinhood on Monday <a class="gtmContentClick" data-vars-link-text="disclosed details" data-vars-click-url="https://www.sec.gov/Archives/edgar/data/1783879/000162828021013986/robinhoods-1a1.htm" data-vars-content-id="ace233b9-bcc7-4b9c-ad83-157b8786c1ee" data-vars-headline="Robinhood sets terms for its IPO" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.sec.gov/Archives/edgar/data/1783879/000162828021013986/robinhoods-1a1.htm" target="_blank">disclosed details</a> for its upcoming IPO, with plans to raise around $2.2 billion at a $33 billion valuation.Why it matters: This is expected to be one of the largest and most closely-watched IPOs on 2021, as the company&#x27;s fortunes are closely correlated to the stock-trading among young, retail investors.Go deeper: <a class="gtmContentClick" data-vars-link-text="Robinhood IPO filing caps stunning rebound" data-vars-click-url="https://www.axios.com/robinhood-ipo-comeback-4b0c7a33-4db0-4f6d-8700-65a0577d5f88.html" data-vars-content-id="ace233b9-bcc7-4b9c-ad83-157b8786c1ee" data-vars-headline="Robinhood sets terms for its IPO" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/robinhood-ipo-comeback-4b0c7a33-4db0-4f6d-8700-65a0577d5f88.html" target="_self">Robinhood IPO filing caps stunning rebound</a>

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