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Robinhood goes public and we’re very excited

Written by Jeff Lampkin

It’s a sweltering day right here in New York Metropolis, and meaning Wall Avenue is on hearth, and so is Robinhood, apparently. The favored inventory buying and selling app formally filed its Type S-1 with the SEC a number of hours in the past to go public, the place it would commerce below the ticker “HOOD.”

Robinhood information to go public after squeaking to profitability in 2020

The Fairness crew has been yammering about Robinhood for years now, and now we have been chomping on the bit to see these S-1 outcomes for what looks like ages. Properly, we lastly received the numbers, we chomped that bit (or a minimum of Alex and Danny did, since Natasha went on trip about quarter-hour earlier than the IPO hit the wires), and so right here’s a particular Fairness Shot to speak about all of the highlights.

We talked about a lot in an itsy-bitsy 15-minute episode: loopy income progress, loopy income focus from two main sources, regulatory hurdles that the corporate has been clearing up, higher financials with a little bit of nuance on the corporate’s Q1 funds, and the corporate’s particular plan for its IPO.

Wowza.

Right here’s what we received as much as:

  • Historic progress and profitability.
  • Income combine and income focus, together with constituent issues.
  • The significance of options-related incomes for the corporate.
  • Dogecoin.
  • Why the corporate’s adjusted revenue might assist it assuage buyers who’ve their eyes come out of their skulls after they see its GAAP Q1 2023 outcomes.

And much more. After all, if you happen to hate Robinhood, we shall be again with our usually scheduled Friday episode of Fairness tomorrow.

Fairness drops each Monday at 7:00 a.m. PDT, Wednesday, and Friday morning at 7:00 a.m. PDT, so subscribe to us on Apple PodcastsOvercastSpotify and all of the casts.

About the author

Jeff Lampkin

Jeff Lampkin was the first writer to have joined gamepolar.com. He has since then inculcated very effective writing and reviewing culture at GamePolar which rivals have found impossible to imitate. His approach has been to work on the basics while the whole world was focusing on the superstructures.