Robinhood (HOOD) Stock: Retail Brokerage Makes History as Oura IPO Underwriter

TLDR

• Robinhood has been named an official underwriter for Oura’s upcoming IPO, marking its first underwriting role
• Oura filed to go public on September 3, targeting a valuation above $16 billion and listing on Nasdaq under ticker “OURA”
• Goldman Sachs, Morgan Stanley, JPMorgan, Allen & Co. and Jefferies are lead bookrunners; Robinhood is listed 18th
• As an underwriter, Robinhood gains more influence over how many IPO allocations go to its retail customers
• Oura posted $1.4 billion in revenue over the past 12 months with a net profit of $60.77 million

Robinhood Markets has landed its first official IPO underwriting role, joining the syndicate for Oura’s public offering. It is a milestone for the retail brokerage, which only received regulatory approval to underwrite deals in June.

$HOOD LANDS ITS FIRST-EVER IPO UNDERWRITING ROLE

Robinhood has joined the underwriting group for Oura’s upcoming IPO, which is expected to value the smart-ring maker at more than $11B.

Robinhood is listed 18th on the deal, behind lead banks including Goldman Sachs, Morgan… pic.twitter.com/kCdTnDhRGj

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