The American fintech Robinhood is aiming for a company valuation of 35 billion dollars when it goes public on Wall Street. The new issue would sell 55 million shares under the symbol "HOOD" for 38 to 42 dollars. The operator of a trading app announced this on Monday. The goal is to collect up to $ 2.3 billion. According to insiders, the fintech was valued at around $ 30 billion in the latest financing round in February. Robinhood was founded in 2013 by Vlad Tenev and Baiju Bhatt, who lived together at Stanford University. Via the platform, users can trade in stocks, funds, options and cryptocurrencies free of commission. A similar concept is being pursued in Germany by Trade Republic, which has been worth around 5 billion dollars since its most recent financing round.

In the United States, given the positive mood in the stock markets, more companies have gone public in recent months than in a long time. Robinhood's walk onto the stalls is followed with particular attention. The company profited greatly from the corona pandemic when private individuals discovered stock trading for themselves in times of lockdown. In the first quarter alone, sales climbed 59 percent to $ 959 million. However, Robinhood also played a major role in the stock turmoil at video game retailer GameStop. Robinhood's backers include financial investors Andreessen Horowitz, Sequoia and Ribbit Capital, as well as celebrities such as rapper Snoop Dogg and actor Jared Leto.