Robinhood Seeks $35 Billion Valuation , Ahead of Initial Public Offering.<br />According to an amended SEC filing released on July 19, Robinhood wants to sell its stock for between $38 to $42 per share.<br />The company seeks to sell 55 million shares within that price range to raise up to $2.3 billion.<br />As of September, the stock trading app's <br />private market valuation was $11.7 billion. .<br />According to CNBC, Robinhood saw record levels of new, younger traders signing up for its app amid the pandemic and the meme stock frenzy. .<br />The company is expected to make its <br />IPO debut by the end of next week <br />under the symbol HOOD.<br />Currently, Robinhood offers cryptocurrency, equity and options trading in addition to <br />cash management accounts.
