Sam Bankman-Fried and Emergent Fidelity Tech Report 7.6% Stake in Robinhood Markets
13 May 2022 - 7:42AM
Dow Jones News
By Maria Armental
Cryptocurrency exchange FTX Chief Executive Sam Bankman-Fried
and Emergent Fidelity Technologies Ltd. disclosed a roughly 7.6%
stake in Robinhood Markets Inc. but said that at this point they
don't intend to take any action on the investment, according to a
securities filing.
Mr. Bankman-Fried and Emergent Fidelity Technologies, a company
incorporated in Antigua and Barbuda, are among the largest
investors in the platform that went public last year, according to
FactSet.
Robinhood's stock closed Thursday up 5% at $8.56 and rose 31% to
$11.20 in after-hours trading.
Write to Maria Armental at maria.armental@wsj.com
(END) Dow Jones Newswires
May 12, 2022 17:27 ET (21:27 GMT)
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