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Robinhood Adds Three New Board Members Ahead of Anticipated IPO

Sarah HallamNews
Robinhood Hero

Editorial credit: Ink Drop / Shutterstock.com

Three new members just joined the Board of Directors at Robinhood as it gears up for one of this year’s most highly-anticipated initial public offerings. The new directors are Jon Rubinstein, a former Apple and Bridgewater Associates exec, Paula Loop, a PwC partner, and Robert Zoellick, former World Bank President.

Rubenstein and Zoellick’s appointments are effective immediately, and Loop will be joining the board on June 17.

Robinhood quickly became a favorite to IPO this year after it gained massive popularity amid a market frenzy over “meme stocks” in GameStop and in cryptocurrencies such as dogecoin. Its finances skyrocketed shortly after. The company more than tripled its revenue in the first quarter of 2021.

Now as the Menlo Park-based, retail-trading app prepares for an IPO, it’s ramping up its Board of Directors to match that of a billion-dollar public company, rather than its current state, which closely matches that of its startup roots.

The three new members will join current members Jan Hammer and Scott Sandell as independent directors. Founders Vlad Tenev and Baiju Bhatt make up the other half of the board.

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