Robinhood Raises $2B in Zero-Coupon Convertible Notes, Buys Back $290M in Shares
Robinhood executed a dual capital move: $2B in zero-coupon convertible notes and a $290M share repurchase paired with capped call transactions. Zero-coupon terms mean lenders accepted no interest — a rare signal of market confidence in fintech. Net proceeds exceed $1.7B, positioning the company for acquisitions or major platform expansion within 6-12 months.
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