Sunday, July 25

Vlad Tenev

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‘We can expect fireworks’: 6 experts sound off on their expectations for Robinhood’s hugely anticipated IPO

Vlad Tenev, CEO and co-founder of Robinhood. Kimberly White/Getty Images for Robinhood Ever since Robinhood was founded in 2013, the firm has been at the center of the retail trading boom. Ahead of its IPO, Robinhood announced it is selling up to a third of its shares directly to retail investors. Insider asked six experts what to expect ahead of the popular trading app's stock market debut. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Robinhood's mission since it was founded in 2013 has been to "democratize finance for all."Years later, ahead of its hotly-anticipated initial public offering, founder Vlad Tenev is trying to make good on that promise by offering a third of the company's shares directly to customers through its app, a far greater amou...
IPO, Markets, MI Exclusive, Robinhood, Robinhood IPO, Robinhood stock, Robinhood stock price, stock market, stock market 2021, Stocks, Vlad Tenev

Robinhood co-founders each stand to gain $1.4 billion in equity awards if stock price hits $101.50 by 2025

Robinhood co-founders and co-chief executives Baiju Bhatt and Vladimir Tenev Thomson Reuters Robinhood co-founders Vlad Tenev and Baiju Bhatt stand to receive $1.4 billion in equity awards if it hits a big milestone.Both co-founders will receive 13.8 million shares of Robinhood if the stock price hits $101.50 by 2025, according to the company's S-1 filing.The popular trading app is expected to go public later this year and is seeking a $40 billion valuation.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Robinhood co-founders Vlad Tenev and Baiju Bhatt stand to receive up to $1.4 billion worth of Robinhood stock if they hit certain stock performance targets once it goes public, according to its S-1 filing made with the SEC last month.Both co-founders will...
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Robinhood CEO backs SEC chief’s push to modernize the stock market and’level the playing field’ for retail investors

Noam Galai/Stringer/Getty Images Robinhood CEO Vlad Tenev endorsed an SEC push to refine stock pricing, writing that the move would "level the playing field" for retail investors. SEC chair Gary Gensler has suggested the agency might waive a rule requiring exchanges to price stocks in pennies. Allowing sub-penny pricing would put exchanges like Robinhood on equal footing with market makers like Citadel and Virtu Financial, Tenev wrote. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Robinhood CEO Vlad Tenev endorsed an SEC push to refine how stocks are priced, writing in a blog post that the move would "level the playing field" for retail investors.Tenev backed a suggestion by SEC Chair Gary Gensler that the agency might waive a rule requiring exchanges ...