Jul 19, 2021 - Economy & Business

Robinhood sets terms for its IPO

Illustration of a piggybank wearing a Robin Hood hat.

Illustration: Rae Cook/Axios

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

Go deeper