 "Robinhood")
Robinhood Markets is seeking a valuation of $35 billion in its initial public offering, just short of the highest analyst projections, as the free trading app advances toward a debut likely to draw in buyers from its own novice investor base.
The company at the centre of this year’s meme stock frenzy will market 55 million shares for $38 to $42 each, according to a filing Monday with the US Securities and Exchange Commission. Bloomberg Intelligence in March estimated Robinhood could be valued in a range of $13 billion to $40 billion.
Robinhood aims to raise more than $2 billion
