We advised the purchasers on the offering

Davis Polk advised the representatives of the several purchasers in connection with a Rule 144A offering by Robinhood Markets, Inc. of $2.2 billion aggregate principal amount of its 0.00% convertible senior notes due 2029, which included the full exercise of the option by the initial purchasers to purchase an additional $200 million aggregate principal amount of the convertible notes. In addition, Davis Polk advised the counterparties to the capped call transactions entered into in connection with the offering.

Robinhood is a global leader in financial services offering retail brokerage, crypto, advisory, digital banking services and private markets access to a new generation of investors. Its mission is to democratize finance for all.

The Davis Polk corporate team included partners Byron B. Rooney and Emily Roberts and associates Paula Gergen and Alexis Aguila Johnson. The equity derivatives team included partner Mark J. DiFiore and associates Ji Hwan Kim, Alexander S. Pettingell, Zifeng Zeng and Selena (Zhijun) Fu. The tax team included partner Aliza Slansky. Members of the Davis Polk team are based in the Northern California and New York offices.

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