The offering of the trading platform would be based on a $30 billion valuation, compared to $11.7 billion last year

On The Way To Going Public: The news was reported by Bloomberg after putting together some rumors. The newswire stated that Robinhood had been aiming at public listing since last year. Now the platform is reportedly working on a conversion of the funding into capital, based on a valuation of $30 billion or a 30% discount compared to the market estimate – in case this is below the indicated threshold.

See also: How to Buy Stocks on Robinhood

Funding Received Since 2020: In order to meet the deposit requests related to the boom in trading activity on its circuits - as it happened in the GameStop case - Robinhood received a $3.4 billion financial support, in addition to the $460 million financing obtained in September 2020 - when the app was valued at $11.7 billion.

The Option Of Selling Shares To Its Users: According to Bloomberg, the company is now considering selling some of its shares directly to its users. This is an unusual move, as retail investors don't usually buy at the offering price but rather start investing from day one, taking advantage of a wave which can drive up the share price.

This article originally appeared on Financialounge.com and was translated from Italian to English. It does not represent the opinion of Benzinga and has not been edited.

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