# Robinhood, Gateway to 'Meme' Stocks, Raises $2.1-B in IPO

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Last modified: 2021-07-29

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By Paul Ebeling · 2021-07-29
Tags: Shayne Heffernan on Investments, Stocks, stocks, Paul Ebeling, hood, Robinhood, meme
Signed: no (published before platform launch).
Nothing in this article is investment advice.

#Robinhood #meme #stocks

[$HOOD](https://finance.yahoo.com/quote/HOOD?p=HOOD&.tsrc=fin-srch)

Robinhood’s ([HOOD](https://finance.yahoo.com/quote/HOOD?p=HOOD&.tsrc=fin-srch)) stock began trading Thursday at 38/share, equating to a valuation of around $32-B by market cap. 

Robinhood serves a user base of over 18-M+ famously declared that it aims to “*democratize finance for all”*.

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), options, gold, and cryptocurrencies. The company also offers various learning and education solutions comprise Snacks, a digest of business news stories; Learn, which is a collection of approximately 650 articles, including guides, feature tutorials, and financial dictionary; Newsfeeds that offer access to free premium news from various sites, such as Barron's, Reuters, and The Wall Street Journal; and lists, which allow users to create custom watchlists to monitor securities, ETFs, and cryptocurrencies, as well as cash management services. 

Robinhood Markets, Inc. was incorporated in Y 2013 and is HQ'd in Menlo Park, California.

Have a prosperous day, Keep the Faith!

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