Robinhood Raises $2B in Zero-Coupon Notes, Buys Back $290M in Shares in Dual Capital Move
Robinhood simultaneously issued $2B in zero-coupon convertible notes and repurchased $290M in shares, leaving over $1.7B in net proceeds ready to deploy. The structure — combining capped call transactions with interest-free borrowing — signals imminent acquisition activity or platform expansion. Markets lending to a fintech at zero interest cost marks a notable shift in institutional appetite.
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