Robinhood’s upcoming IPO could value the popular retail-investing app at $30 billion or more, S&P analysts say

Robinhood’s upcoming IPO could value the popular retail-investing app at $30 billion or more, S&P analysts say

Robinhood is on course to go public and its IPO could be valued at $30 billion or beyond, with S&P Global Market Intelligence making that assessment in part on valuations from competitors when their respective shares began trading. Robinhood, whose platforms allow users to trade stocks, ETFs, cryptocurrencies and gold, plans to list on Nasdaq, according to filed last week with the Securities and Exchange Commission. With the filing, "suddenly a rumored $20 billion valuation does not seem out of the question. It might even be a conservative estimate," Tom Mason, a research analyst at S&P Global Market Intelligence focused on the financial tech sector, said in a note published Tuesday. "We think Robinhood will have a strong IPO showing and should be valued at upwards of $20 billion in market capitalization, if not $30 billion." S&P Global said the last private post-money valuation in January was $18.2 billion. The firm said a $30 billion or more market cap for Robinhood could be possible if it's based on valuations from rivals in the online brokerage space such as , E-Trade Financial and TD Ameritrade when they were growth stocks upon their trading debuts. "Based on their ratios of market cap-to-last-12-months