According to Bloomberg, FTX executives are discussing internally the possibility of buying the US online brokerage platform and if so, how. The action closes on a flight of 14%.
The American online brokerage platform Robinhood flew off Monday at the end of the session on Wall Street following information from the Bloomberg agency evoking the interest of the FTX cryptocurrency platform for a possible takeover.
The action was suspended regarding ten minutes following the publication of the information, around 19:00 GMT, before taking up to 21.5%. It eventually ended up 14% at $9.12.
According to Bloomberg, FTX executives are currently discussing internally whether and how to buy Robinhood, which is worth around $7.6 billion on the stock exchange.
No decision has been made and the idea might still be scrapped, Bloomberg adds, citing people familiar with the talks.
Robinhood declined to comment.
The platform has not been contacted by FTX, a source close to the company told AFP.
Robinhood co-founders Vladimir Tenev and Baiju Bhatt own more than 50% of the voting rights, according to stock filings.
FTX did not immediately respond to a request from AFP.
Robinhood’s valuation has melted since its arrival on Wall Street at the end of July 2021, at a price of 38 dollars a share.
The online brokerage platform has benefited greatly from the influx of new traders during the pandemic, attracted by the absence of commissions. But its growth has since slowed and following peaking in early August 2021, its stock has inexorably retreated.
