Despite the record failure of the scandalous American online broker Robinhood on the Nasdaq Stock Exchange, its founders have become twice as richer. According to Forbes, the company’s share in each of them is now estimated by more than two billion dollars.
Vlad Shadue and Bajja Bhatta belongs to about 8 percent of RobinHood, which is about billion dollars before the exchange. However, after the closure of trading, $ 2.1 billion and $ 2.4 billion were equal to the trading co-founders and 2.4 billion dollars, respectively, despite the extremely unsuccessful debut of the company on the stock exchange, the result of which it turned out to fall by 8.4 percent of the cost at IPO.
During the IPO, Robinhood shares were rated at the bottom boundary of the range – 38 dollars per piece. In total, the company placed 55 million securities and attracted about two billion dollars. At the same time, during Listing, the online broker was estimated at $ 32 billion.
Shadne and Bhatt themselves sold 1.2 million shares of class and for almost 48 million dollars. After paying taxes, this figure may decrease to $ 36 million. The company’s request on the IPO states that the share of entrepreneurs in RobinHood can grow. If the online broker shares have achieved targets on the US stock exchange, encouraging payments are provided for co-founders. Over the next eight years, the shades and Bhatt may additionally get 22.2 million and 13.3 million shares, respectively – in the monetary equivalent they will be richer by 4.7 billion and 2.8 billion dollars.