Robinhood Announces Pricing of Private Offering of $2.0 Billion of Convertible Senior Notes Due 2029

Robinhood Markets announced a $2.0 billion private offering of 0.00% convertible senior notes due 2029. The company plans to use approximately $290 million of proceeds for share repurchases, $112 million for capped call transactions, and the remainder for general corporate purposes including organic growth investments and potential acquisitions. The notes have an initial conversion price of approximately $174.42 per share, representing a 65% premium to the stock price on the pricing date.