Home » Robinhood broke its first-quarter loss on the first day of listing and reached US$1.4 billion-DoNews

Robinhood broke its first-quarter loss on the first day of listing and reached US$1.4 billion-DoNews

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Robinhood broke its first-quarter loss on the first day of listing and reached US$1.4 billion

DoNews reported on July 30 (Zhai Jiru) that Robinhood, an American online brokerage firm, officially listed on the Nasdaq, opening at $38, and then the stock price fell to a minimum of $33.35 and broke.

According to the prospectus released by Robinhood, its 2019 revenue was 278 million U.S. dollars, 2020 revenue was 959 million U.S. dollars, and 2021 first quarter revenue was 522 million U.S. dollars. In the first quarter of this year, Robinhood suffered a loss of 1.4 billion U.S. dollars, with a net profit of 7.45 million U.S. dollars in 2020 and a loss of 107 million U.S. dollars in 2019.

In terms of operational data, as of March 31 this year, Robinhood had 18 million fund accounts, a total of 17.7 million monthly active users, and its asset management scale reached 81 billion US dollars.

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