Robinhood — a popular U.S. investment app We have launched tr | UT Token

Robinhood — a popular U.S. investment app

We have launched trading in Robinhood pre-IPO futures on the UTEX exchange. Founded in 2013, this company swept the brokerage market in a short period of time by offering commission-free trades of stocks via a mobile app which led to a fast-growing customer base.

Robinhood took off after the U.S. authorities rolled out a massive relief program to keep the economy afloat amid the lockdown: many Americans used their stimulus checks to invest in the stock market. As a result, by February 2021, the app had racked up 23 million users.

Robinhood enjoys a great growth potential: only 25% of America’s millenials have Robinhood accounts. The growth is expected not only in the number of new users but also in the amount of capital invested, as net earnings and savings are increasing rapidly at the current stage of life of millenials.

Robinhood is evolving from a discount stockbroker into a complete financial platform that can serve all the financial needs of the customer, including loans, insurance, etc. The company also benefits from diversifying toward more innovative financial areas, like cryptocurrencies.

The company has already filed an S1 registration statement with the SEC, and its listing is expected at the end of 2021.

Robinhood’s common stock (the underlying asset for futures on the UTEX exchange) is traded on the OTC market for nearly $63, which approximates a $47 billion valuation. We estimate that Robinhood’s revenue tripled over the year 2020 and is projected to reach $3-4 billion by the end of 2021. The company’s profitability, steep growth, and strong competitive positioning can drive after its value up to $70-90 billion after the listing.

Robinhood pre-IPO futures here https://bit.ly/3adKdbH