Adam Grant asks:
What will be Robinhood Markets' end-of-day market capitalization on its first day of public trading?
Despite controversy over trading limits surrounding a Reddit-fueled "short squeeze" in January, online stock trading firm Robinhood is reportedly pursuing its public debut (CNBC, Newsweek, Bloomberg, Wealth Daily). The outcome will be determined by the end-of-day market capitalization figure reported by Bloomberg. Whether Robinhood goes public via an IPO, direct listing, or a merger with a special purpose acquisition company (SPAC) would be immaterial (Investopedia (IPO v. Direct Listing), Investopedia (SPACs)).
|Less than $25 billion||2%|
|Between $25 billion and $35 billion, inclusive||18%|
|More than $35 billion but less than $45 billion||36%|
|Between $45 billion and $55 billion, inclusive||30%|
|More than $55 billion||8%|
|Robinhood Markets will not trade publicly before 1 September 2021||6%|