Robinhood cofounders Baiju Bhatt and Vlad Tenev, DESIGN BY FORBES
Despite detractors and challenges, smartphone stock brokerage Robinhood is seeding the next generation of investors and entrepreneurs.
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his afternoon the stock brokerage trading app Robinhood will issue shares in a public offering that values the eight year old company at some $32 billion. It’s young founders, Vlad Tenev, 34, and Baiju Bhatt, 36, are now worth $2 billion and $3 billion, respectively, and if Robinhood’s shares rise from its expected offering price of $38 to as high as $300 over the next eight or so years, each will be rewarded with several billions more …
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