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End of Robinhood lock-up period date announced

Based on the data provided on Form 424B4 by Robinhood, the expected expiration date for the lock-up period is December 1, 2021.

A fund managed by Raison Asset Management invested in Robinhood for a pre-IPO in July 2020, at $13.82 per share. The company went public on the Nasdaq in July this year at $38 per share.

As of November 8, Robinhood shares are trading at $37.35. The current profitability of the fund’s shareholders is 170% before commissions.