Windsor Drake
Transaction · Wealthtech · 2024

Robinhood / TradePMR 2024

Robinhood Markets acquired TradePMR for $300M on November 19, 2024.

Target
TradePMR
Acquirer
Robinhood Markets
Deal value
$300M
Announced
November 19, 2024
Sub-sector
Wealthtech

Transaction overview

  • Robinhood Markets announced the acquisition of TradePMR on November 19, 2024 for $300M.

Strategic rationale

Robinhood gains RIA custodial platform and access to advisors' affluent clients; diversifies revenue from trading into advisory services.

Deal terms & multiples

Deal value
$300M
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
November 19, 2024
Acquirer
Robinhood Markets (Strategic)
Sub-sector
Wealthtech

Sources

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