Robinhood closes USD 2.2 billion 0% convertible senior notes offering due 2029

Robinhood

Robinhood

HOOD

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  • Robinhood closed a private offering of USD 2.2 billion of 0.00% convertible senior notes due 2029, including full exercise of a USD 200 million upsized option.
  • Net proceeds totaled about USD 2.17 billion, supporting added financial flexibility for growth investments.
  • About USD 290 million funded repurchases of 2,743,000 Class A shares.
  • USD 123.2 million financed capped calls, lifting the effective conversion price to USD 174.42 per share.
  • Management expects no net dilution until the stock exceeds about USD 237.85, rising to USD 303.95 including the share repurchase effect.


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