Robinhood Prices Up Capital War Chest With $2B Convertible Notes Offering, Earmarks $300M For Buybacks To Offset Dilution
Robinhood shares were up more than 1% during early morning trade, while the company said a portion of the proceeds will be used to offset potential dilution from the notes.
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Robinhood Slashes 10% Of Workforce, Says Layoffs Come 'From A Position Of Business Strength'
The brokerage expects roughly $20 million in cash restructuring charges tied to severance and benefits.
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Robinhood Price Target Cut Again, But Analysts Still See 46% Upside
Despite headwinds, analysts see long-term growth, projecting over 20% annual asset expansion.