Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year

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Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year

Bloomberg2021-08-06

Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy. When hordes of retail traders caused meme stocks such as GameStop Corp. to soar...

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Comment（13）

lizzie1
·2021-08-06
Wow
Reply
2
Report
edamame
·2021-08-06
Wah
Reply
4
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hydros
·2021-08-06
Pump up to sell. Beware
Reply
3
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Fold Replies
- edamame:
  up
  2021-08-06
  Reply
  Report
- valuebay:
  no good
  2021-08-06
  Reply
  Report
KamenR
·2021-08-06
I smell pump and dump.
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4
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Icha
·2021-08-06
Noiceee!
Reply
3
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KarenChia
·2021-08-06
Alright
Reply
5
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ASMH
·2021-08-06
Like
Reply
3
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luv2trade
·2021-08-06
alright
Reply
1
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Fold Replies
- Sonson89:
  Ok
  2021-08-06
  Reply
  Report
Narayanan
·2021-08-06
Like n comment
Reply
3
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Fold Replies
- Narayanan:
  Like
  2021-08-06
  Reply
  Report
- bananafruit:
  Ok
  2021-08-06
  Reply
  Report
- AhGong:
  done
  2021-08-06
  Reply
  Report
KHW
·2021-08-06
Good
Reply
1
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ChowCCJ
·2021-08-06
Interesting that they are still well demanded evenafter the accusations on them being manipulative on the Reddit stocks.
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RC_ADRIC
·2021-08-06
Like and comment
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4
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- Boliao:
  Ok
  2021-08-06
  Reply
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- ChowCCJ:
  Sure
  2021-08-06
  Reply
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Baybay
·2021-08-06
Woah money money
Reply
2
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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HOOD","symbol_name":"Robinhood","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","article_id":"1186373801","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","pubTimestamp":1628209509,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HOOD":"Robinhood"},"translate_title":"罗宾汉的救援者今年坐拥54亿美元的收益","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HOOD":0.9},"content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. 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Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":899707091,"gmtCreate":1628213663613,"gmtModify":1703503246477,"author":{"id":"3580781470014015","authorId":"3580781470014015","name":"lizzie1","avatar":"https://static.tigerbbs.com/6be71e2b781839928751c0a0587d5bf0","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3580781470014015","authorIdStr":"3580781470014015"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899707091","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899420951,"gmtCreate":1628211446773,"gmtModify":1703503178948,"author":{"id":"3581982441889617","authorId":"3581982441889617","name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581982441889617","authorIdStr":"3581982441889617"},"htmlText":"Wah","listText":"Wah","text":"Wah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899420951","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899466718,"gmtCreate":1628211255934,"gmtModify":1703503172590,"author":{"id":"3570969181408297","authorId":"3570969181408297","name":"hydros","avatar":"https://static.tigerbbs.com/999af31c7ffcd1eea8c03e9a51f02a24","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3570969181408297","authorIdStr":"3570969181408297"},"htmlText":"Pump up to sell. Beware&nbsp;","listText":"Pump up to sell. Beware&nbsp;","text":"Pump up to sell. Beware","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/899466718","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5441554,"gmtCreate":1628211436502,"gmtModify":1663231996145,"authorId":3581982441889617,"author":{"id":3581982441889617,"idStr":"3581982441889617","authorId":3581982441889617,"name":"edamame","avatar":"https://static.tigerbbs.com/63449ce6bfbebf6849034560328a7d39","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899466718,"type":1,"supId":0,"prevId":0,"content":"<u>up</u>","text":"<u>up</u>","html":"<u>up</u>"},{"id":5441568,"gmtCreate":1628211491428,"gmtModify":1635158892805,"authorId":3582327204568575,"author":{"id":3582327204568575,"idStr":"3582327204568575","authorId":3582327204568575,"name":"valuebay","avatar":"https://static.tigerbbs.com/975309cd3a6c14b9b84d70a743d8eb57","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899466718,"type":1,"supId":0,"prevId":0,"content":"no <u>good</u>","text":"no <u>good</u>","html":"no <u>good</u>"}],"langContent":"EN"},{"id":899468769,"gmtCreate":1628211230751,"gmtModify":1703503173396,"author":{"id":"3583799729432788","authorId":"3583799729432788","name":"KamenR","avatar":"https://static.tigerbbs.com/db3db81fd6b762e83625b40b8566dec3","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3583799729432788","authorIdStr":"3583799729432788"},"htmlText":"I smell pump and dump.&nbsp;","listText":"I smell pump and dump.&nbsp;","text":"I smell pump and dump.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899468769","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899463859,"gmtCreate":1628211110871,"gmtModify":1703503167422,"author":{"id":"4089380950571960","authorId":"4089380950571960","name":"Icha","avatar":"https://static.tigerbbs.com/704f61fb9550e96aa08b1a8776b68121","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4089380950571960","authorIdStr":"4089380950571960"},"htmlText":"Noiceee!","listText":"Noiceee!","text":"Noiceee!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899463859","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899484650,"gmtCreate":1628210858670,"gmtModify":1703503161759,"author":{"id":"3586087274164016","authorId":"3586087274164016","name":"KarenChia","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3586087274164016","authorIdStr":"3586087274164016"},"htmlText":"Alright&nbsp;","listText":"Alright&nbsp;","text":"Alright","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899484650","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899485782,"gmtCreate":1628210817946,"gmtModify":1703503161106,"author":{"id":"3586939439858903","authorId":"3586939439858903","name":"ASMH","avatar":"https://static.tigerbbs.com/c8c22c3127769d9bb7b4e8d291d98433","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586939439858903","authorIdStr":"3586939439858903"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899485782","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899489636,"gmtCreate":1628210463525,"gmtModify":1703503151173,"author":{"id":"3582002202540727","authorId":"3582002202540727","name":"luv2trade","avatar":"https://static.tigerbbs.com/bd9418c94c88a702c1158f4c6fc5c4ba","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582002202540727","authorIdStr":"3582002202540727"},"htmlText":"alright","listText":"alright","text":"alright","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/899489636","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5441404,"gmtCreate":1628210772449,"gmtModify":1663231995850,"authorId":3577445690140943,"author":{"id":3577445690140943,"idStr":"3577445690140943","authorId":3577445690140943,"name":"Sonson89","avatar":"https://static.tigerbbs.com/bb78553b48c28648b70634c067b819ec","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"80.46%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899489636,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":899416958,"gmtCreate":1628210136774,"gmtModify":1703503143563,"author":{"id":"3568948415316733","authorId":"3568948415316733","name":"Narayanan","avatar":"https://static.tigerbbs.com/56c8ad986932bbfda0ed07033a264bd0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3568948415316733","authorIdStr":"3568948415316733"},"htmlText":"Like n comment&nbsp;","listText":"Like n comment&nbsp;","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/899416958","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5441283,"gmtCreate":1628210147534,"gmtModify":1663231995539,"authorId":3568948415316733,"author":{"id":3568948415316733,"idStr":"3568948415316733","authorId":3568948415316733,"name":"Narayanan","avatar":"https://static.tigerbbs.com/56c8ad986932bbfda0ed07033a264bd0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899416958,"type":1,"supId":0,"prevId":0,"content":"Like","text":"Like","html":"Like"},{"id":5441324,"gmtCreate":1628210318839,"gmtModify":1663231995029,"authorId":3581583439142650,"author":{"id":3581583439142650,"idStr":"3581583439142650","authorId":3581583439142650,"name":"bananafruit","avatar":"https://static.tigerbbs.com/4f58151b71d449711486ea1e300e563e","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899416958,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":5441314,"gmtCreate":1628210268151,"gmtModify":1663231994551,"authorId":3581888768537623,"author":{"id":3581888768537623,"idStr":"3581888768537623","authorId":3581888768537623,"name":"AhGong","avatar":"https://community-static.tradeup.com/news/9a621750f6ca11e5db28b9433a118ff1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899416958,"type":1,"supId":0,"prevId":0,"content":"done","text":"done","html":"done"}],"langContent":"EN"},{"id":899411467,"gmtCreate":1628210079659,"gmtModify":1703503141784,"author":{"id":"3586261606500608","authorId":"3586261606500608","name":"KHW","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586261606500608","authorIdStr":"3586261606500608"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899411467","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899437260,"gmtCreate":1628209919950,"gmtModify":1703503136286,"author":{"id":"3575375342391732","authorId":"3575375342391732","name":"ChowCCJ","avatar":"https://static.tigerbbs.com/bc5fafdf3c6b7c87a4217f2f73a89adb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575375342391732","authorIdStr":"3575375342391732"},"htmlText":"Interesting that they are still well demanded evenafter the accusations on them being manipulative on the Reddit stocks.&nbsp;","listText":"Interesting that they are still well demanded evenafter the accusations on them being manipulative on the Reddit stocks.&nbsp;","text":"Interesting that they are still well demanded evenafter the accusations on them being manipulative on the Reddit stocks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899437260","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":899434897,"gmtCreate":1628209879519,"gmtModify":1703503135270,"author":{"id":"3574743613224710","authorId":"3574743613224710","name":"RC_ADRIC","avatar":"https://static.tigerbbs.com/ff53482947c23ec372fe52411816b015","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574743613224710","authorIdStr":"3574743613224710"},"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/899434897","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5441232,"gmtCreate":1628209926479,"gmtModify":1663231994040,"authorId":3577867707758098,"author":{"id":3577867707758098,"idStr":"3577867707758098","authorId":3577867707758098,"name":"Boliao","avatar":"https://static.tigerbbs.com/1f0231a16b84d9b4acb177deb78d02ba","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899434897,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"},{"id":5441235,"gmtCreate":1628209934404,"gmtModify":1663231992658,"authorId":3575375342391732,"author":{"id":3575375342391732,"idStr":"3575375342391732","authorId":3575375342391732,"name":"ChowCCJ","avatar":"https://static.tigerbbs.com/bc5fafdf3c6b7c87a4217f2f73a89adb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":899434897,"type":1,"supId":0,"prevId":0,"content":"Sure","text":"Sure","html":"Sure"}],"langContent":"EN"},{"id":899436234,"gmtCreate":1628209785628,"gmtModify":1703503129732,"author":{"id":"3581843817959377","authorId":"3581843817959377","name":"Baybay","avatar":"https://static.tigerbbs.com/ef7dbc91de3962d76f51a84524d549bc","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581843817959377","authorIdStr":"3581843817959377"},"htmlText":"Woah money money","listText":"Woah money money","text":"Woah money money","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899436234","repostId":1186373801,"repostType":4,"repost":{"id":"1186373801","kind":"news","pubTimestamp":1628209509,"share":"https://ttm.financial/m/news/1186373801?lang=&edition=fundamental","pubTime":"2021-08-06 08:25","market":"us","language":"en","title":"Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year","url":"https://stock-news.laohu8.com/highlight/detail?id=1186373801","media":"Bloomberg","summary":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the Game","content":"<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.</p>\n<p>When hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.</p>\n<p>The online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.</p>\n<p>While triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.</p>\n<p>Some of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that&nbsp;pushed down Robinhood’s shares by 13%&nbsp;after they&nbsp;doubled earlier this week.</p>\n<p>Nora Chan, a spokeswoman for Robinhood, declined to comment.</p>\n<p>The debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.</p>\n<p>The rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.</p>\n<p>The Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.</p>\n<p>While that pushed the stock lower, the investors are still sitting on gains in excess of 150%.</p>\n<p>The 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood’s Rescuers Are Sitting on $5.4 Billion of Gains This Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOOD":"Robinhood"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-05/robinhood-hood-rescuers-plot-sale-after-scoring-5-4-billion-gain-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186373801","content_text":"Investors have scored returns in excess of 150% after bailing out the brokerage firm during the GameStop trading frenzy.\nWhen hordes of retail traders caused meme stocks such as GameStop Corp. to soar at the beginning of the year, Robinhood Markets Inc. faced a potentially terminal margin call and needed to raise cash fast.\nThe online trading platform turned to investors including Ribbit Capital, Iconiq Capital, New Enterprise Associates and Index Ventures for a $3.55 billion rescue in the form of convertible debt. The venture firms drove a hard bargain — the debt would convert to Robinhood shares at 70% of the company’s offering price when it went public.\nWhile triple-digit returns aren’t unheard of in venture capital, rarely do they come this quickly. According to Bloomberg calculations, the firms who stepped up in February are already sitting on $5.4 billion in gains.\nSome of those investors now have the option to cash out, according to a regulatory filing on Thursday, a move that pushed down Robinhood’s shares by 13% after they doubled earlier this week.\nNora Chan, a spokeswoman for Robinhood, declined to comment.\nThe debt converted to Robinhood shares at a price of $26.60. The stock is currently trading at $61.30.\nThe rescue financing was split into two tranches of $2.5 billion and $1 billion. Investors in the larger portion also received warrants equal to 15% of the amount they invested, and the debt accrued interest at 6%.\nThe Thursday filing allows for holders of the first tranche of convertible debt — now equivalent to almost 98 million shares — to sell 50% of their shares. The remaining 50% must be held until Aug. 25. The largest of those holders, New Enterprise Associates, may trim its roughly 10% stake by about 3.9% or 2.9 million shares. Other possible sellers include entities affiliated with Amplo and Andreessen Horowitz.\nWhile that pushed the stock lower, the investors are still sitting on gains in excess of 150%.\nThe 39 million shares associated with the second tranche of convertible debt aren’t included in Thursday’s filing.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":72,"commentSize":13,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}