Robinhood Closes Offering of $2.2 Billion of 0.00% Convertible Senior Notes Due 2029

Robinhood Markets closed a $2.2 billion private offering of convertible senior notes due 2029, raising capital to enhance strategic flexibility for future growth. The company used approximately $290 million to repurchase 2.743 million shares and $123.2 million for capped call transactions to offset potential dilution. The capped calls set a conversion price of $174.42 per share, with no net dilution anticipated until the stock price exceeds $303.95.