Robinhood is raising $2 billion in zero-coupon convertible bonds to buy back stock

Robinhood is raising $2 billion in zero-coupon convertible bonds to buy back stock

Robinhood Markets is raising two billion dollars through a sale of convertible senior notes due October 2029, joining a surge of zero-coupon convertible issuance from technology companies betting that investors will accept no interest in exchange for equity upside. Goldman Sachs and JPMorgan are leading the offering, according to Bloomberg, with a greenshoe option that […]

This story continues at The Next Web