Robinhood Sees Valuation of up to $35 Billion as Public Co.

Robinhood Sees Valuation of up to $35 Billion as Public Co.
The Robinhood logo on a phone in San Anselmo, Calif., on Dec. 17, 2020. Justin Sullivan/Getty Images
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Robinhood, the online brokerage that found itself embroiled in this year’s meme stock phenomenon, will go public next week seeking a market valuation of up to $35 billion.

The company said in a regulatory filing Monday that it hopes to price 55 million shares in its initial public offering in a range of $38 to $42 per share. It could raise about $2.3 billion if the shares are sold at the high end of the range.