Robinhood Markets set the preliminary pricing range for its initial public offering at between $38 and $42 a share, valuing the company at the midpoint of that range at about $33 billion, according to a securities filing on Monday. That tentative pricing is below the highest price that Robinhood shares have fetched on the private market, around $60, as The Information has previously reported....
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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