Robinhood Markets to offer $2bn of convertible senior notes due 2029 in private placement

Robinhood Plans $2B Convertible Notes Offering As Trading Volumes Surge

Robinhood plans to raise $2 billion through a private offering of convertible senior notes due 2029, giving the trading platform new capital while its stock trades near recent highs. The convertible senior notes offering will be sold to qualified institutional buyers under Rule 144A. Initial purchasers will also receive an option to buy up to another $200 million of notes, which could lift the total raise to $2.2 billion if fully exercised. The …

Robinhood Markets to offer $2bn of convertible senior notes due 2029 in private placement

Robinhood Markets intends to offer $2.0 billion in aggregate principal amount of convertible senior notes due 2029 in a private placement. The post Robinhood Markets to offer $2bn of convertible senior notes due 2029 in private placement appeared first on FX News Group.