Robinhood said it plans to offer 55 million shares of its Class A common stock in the range of $38 to $42 each, according to an updated S-1 filing with the U.S. Securities and Exchange Commission. The offering could value the unicorn at around $35 billion.
Jim Cramer told Action Alerts PLUS senior analyst Jeff Marks that despite recent controversy around the trading of GameStop stock, Robinhood is destined to be a darling of the retail trader.
Is Robinhood destined to be the next cult stock? Watch Cramer give his take from the floor of the New York Stock Exchange in the video above.
Recap TheStreet Live: Everything Jim Cramer Is Watching 7/19/21