Robinhood Prices $2.0 Billion Convertible Notes Offering Due 2029
Robinhood Markets priced a $2.0 billion private offering of 0.00% convertible senior notes due 2029, allocating approximately $290 million of proceeds to concurrent share repurchases.
Robinhood Markets, Inc. (NASDAQ: ) priced a private offering of $2.0 billion in aggregate principal amount of 0.00% convertible senior notes due 2029 on June 22, 2026 [1]. The offering was placed with qualified institutional buyers under Rule 144A of the Securities Act.
The company disclosed that approximately $290 million of the proceeds will be used to repurchase shares concurrently with the offering [1]. An additional portion of the proceeds will fund the purchase of capped call transactions designed to offset share dilution until the price of Robinhood's Class A common stock reaches a 125% premium to the last reported sale price on the pricing date [1]. The balance of the proceeds will be used to enhance strategic flexibility for future growth investments.
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