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Does anyone know how much Bankman-Fried's company paid for those shares? Does this represent a good deal for Robinhood, or are they paying a premium to get them

by troupe 3y ago

Does anyone know how much Bankman-Fried's company paid for those shares? Does this represent a good deal for Robinhood, or are they paying a premium to get them back?

ksherlock 3y ago
The SEC filing where SBF disclosed his stake was May 2, 2022. There was a noticeable HOOD volume increase on April 27-28-29 so let's assume that's when they were purchased. The range for that time period was $9.00-10.79/share. However, that was on the open market so Robin Hood's proceeds were $0.00. The robin hood IPO was at $38/share which is more than $10.96 a share so in that sense it's a good deal for them. https://www.sec.gov/Archives/edgar/data/1783879/000114036122018827/brhc10037465_sc13d.htm https://www.sec.gov/Archives/edgar/data/1783879/000114036122...