#bumble | #tinder | #pof Robinhood, Arrival aim to go public


Robinhood is looking to go public in early 2021, according to Bloomberg, possibly joining a wave of IPOs next year.

The online trading platform operator has asked banks to pitch roles for a potential offering, the report said. In September, the Menlo Park-based company added $460 million to its Series G, propelling its valuation to $11.7 billion. This year alone, Robinhood has raised some $1.3 billion—nearly half of its total fundraising haul, according to PitchBook data.

Robinhood’s listing could join grocery delivery provider Instacart, enterprise software specialist UiPath, dating company Bumble, home mortgage provider Better.com and fashion retailer Mytheresa, which are all reportedly laying the groundwork for offerings of their own in 2021.

Another company reportedly aiming to go public is Arrival, a London-based maker of electric vans and buses. Arrival is in talks to merge with special-purpose acquisition company CIIG Merger Corp., according to Bloomberg. The deal is expected to value the new company at between $5 billion and $6 billion.

Last month, BlackRock injected $118 million into Arrival, reportedly valuing it at about €3 billion (around $3.6 billion). The carmaker has also received backing from investors including UPS, Hyundai and Kia.

Related read: What’s electrifying the romance between SPACs and cleantech?

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