** Retail trading platform Robinhood's HOOD.O shares drop 2.6% to $105.33 before the bell on Mon as it looks to raise capital

** Menlo Park, California-based firm privately offering $2 bln convertible bonds due Oct 1, 2029

** It intends to use net offering proceeds for general purposes, including organic growth investments, potential acquisitions and/or capex

** Also intends to use approx $300 mln of proceeds to repurchase its shares to facilitate hedging by investors in the CBs, and some to fund capped call transactions

** HOOD shares finished up nearly 3% at $108.15 on Thurs for about $97.4 bln market cap

** At Thurs close, stock down 4.4% YTD vs 9.6% gain in S&P 500 index .SPX and 14% advance in the Nasdaq .IXIC

** Of 26 analysts, 21 rate the stock "strong buy" or "buy", 4 "hold" and 1 "sell"; median PT $102.50 down from $121.50 on Mar 22, per LSEG data