Robinhood CFO: Company Spent $664 Million This Year to Repurchase 7.5 Million HOOD Shares

Odaily reported that Robinhood CFO Shiv Verma stated during the earnings call that Robinhood raised $2.2 billion through a financing in June. The financing has a coupon rate of 0% and will not cause any net dilution unless the stock price exceeds $300. Additionally, the company has spent $664 million so far this year to repurchase 7.5 million shares.