Each are looking at controlling close to $2.6 billion in stock if the offering comes in at the $40 per share range they are anticipating. The founders of Coinbase, Marqeta and Affirm also recently enjoyed similar results by taking their companies public.
Estimated reading time: 0 minutes, 24 seconds
On Trend: Robinhood IPO Expecting to Yield Billions for Co-founders
Vlad Tenev and Baiju Bhatt, the co-founders of Robinhood, are expected to become the newest pair of “paper billionaires” in the fintech game after the popular trading app makes its public stock offering. So reports CNBC.
Most Read
-
-
Apr 27 2019
-
Written by FinTech News Brief Staff
The Securities and Exchange Commission announced the concept of digital…
-
-
-
Jan 16 2020
-
Written by FinTech News Brief Staff
Representatives from the Reserve Bank of Australia said they are…
-
-
-
Jan 09 2019
-
Written by FinTech News Brief Staff
Ripple CEO Brad Garlinghouse said cryptocurrency and blockchain stand to…
-
-
-
Sep 24 2020
-
Written by FinTech News Brief Staff
MicroStrategy Inc. became the first public company to invest “the…
-