Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report

2019-5-25 05:00

By CCN: Who says millennials don’t like to save and invest their money? By building a commission-free stock brokerage and trading app with a slick interface, Robinhood has built a $7 billion business in just six years.

That’s the company’s valuation as it nears a $200 million funding round from its current financial backers, Bloomberg reports. The investment round is still unfolding and once complete could reportedly result in Robinhood fetching a valuation as high as $10 billion. Robinhood closed its most recent funding round last year at which time a $5. 6 billion valuation was attached. The stock trading app

The post Robinhood Attracts $200 Million as Valuation Swells to $7 Billion: Report appeared first on CCN

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Источник: ccn.com

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