Robinhood Markets, Inc. announces partial IPO

MENLO PARK, Calif., Aug. 30, 2021 (GLOBE NEWSWIRE) – As previously announced, Robinhood Markets, Inc. (“Robinhood”) (NASDAQ: HOOD) has obtained grant from the syndicate banks in connection with its initial public offering (“IPO”) of their initial public offering, a customary 30-day over-allotment option to purchase up to an additional 5,500,000 Class A common shares of Robinhood at the IPO price, less actuarial discounts and commissions. Robinhood announced today that the IPO underwriters have partially exercised their over-allotment option and will purchase 4,354,194 Class A common shares (the “Additional Shares”) at an IPO price of $ 38.00, net of subscription haircuts and commissions. The net proceeds to Robinhood from the sale of the additional shares will be approximately $ 158.5 million. Robinhood expects to complete the issuance of the additional shares on August 31, 2021.

Goldman Sachs & Co. LLC and JP Morgan acted as joint lead book-running managers for the offering. Barclays, Citigroup and Wells Fargo Securities acted as additional book-running managers for the offering.

A registration statement relating to this offering was made effective by the Securities and Exchange Commission (“SEC”) on July 28, 2021. The offer was made only by means of a prospectus (the “Prospectus”), copies of which are available from: Goldman Sachs & Co. LLC Attention: Prospectus Department, 200 West Street, New York, New York 10282, Telephone: 1-866- 471-2526, fax: 1-212-902-9316, or email [email protected]; or JP Morgan Securities LLC, c / o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, phone: 1-866-803-9204, or by email at [email protected]

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will any sale of these securities be made in any state or jurisdiction in which such offer, solicitation or sale prior to registration would or would be unlawful or unlawful Qualification under the securities laws of such state or jurisdiction.

About Robinhood

Robinhood is committed to democratizing finance for everyone. Robinhood allows people with no account balance to invest through Robinhood Financial LLC, buy and sell crypto through Robinhood Crypto LLC, and learn more about investing through easy-to-understand educational content. Robinhood aims to create the most trustworthy and culturally relevant money app worldwide.



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