The shares are listed on the Nasdaq Global Select Market

Davis Polk advised the representatives of the several underwriters in connection with the approximately $2.1 billion initial public offering of 55,000,000 shares of Class A common stock of Robinhood Markets, Inc., of which 52,375,000 shares of Class A common stock were issued and sold by Robinhood and 2,625,000 shares of Class A common stock were sold by selling stockholders. Robinhood is traded on the Nasdaq Global Select Market under the trading symbol “HOOD.”

Robinhood is a financial services company on a mission to democratize finance for all. With Robinhood, people can invest with no account minimums, buy and sell crypto and learn about investing through easy-to-understand educational content. Robinhood aims to build the most trusted and most culturally relevant money app worldwide.

The Davis Polk corporate team included partners Byron B. Rooney and Emily Roberts, counsel Dan Gibbons and associate Joseph G. Marano. Partner Zachary J. Zweihorn provided broker-dealer and crypto regulatory advice. The tax team included partner Mario J. Verdolini. Partners Pritesh P. Shah and Matthew J. Bacal provided intellectual property advice. The executive compensation team included partner Adam Kaminsky. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York, Northern California and Washington DC offices.