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CNBC: Robinhood’s IPO valuation will exceed $30 billion

According to CNBC, Robinhood may go public with a valuation higher than $30 billion. Earlier Bloomberg, cited unknown sources, reported that IPO will be conducted in late June. 

Global Technologies Private Portfolio clients acquired Robinhood shares in July 2020 at a $9.5 billion valuation.

Robinhood — one of the fastest-growing fintech startups in the United States. The company is developing an application for investing in stocks, ETFs, options, gold, and cryptocurrency without commissions.

On May 20, Robinhood introduced a new product — IPO investment for retail investors, which will become another source of the company’s revenue.

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