via WSB:
For those who compared the # of shares sold in the recent IPO to the recent dilution of > 97 million shares for HOOD. The dilution is significant, although I find it should be compared to the # of shares outstanding, not to the # of shares that could be sold in the IPO.
HOOD as of 8/5 4 PM close | |
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Market capitalization | $42.59 billion |
Price per share | $50.97 |
# of shares outstanding | > 835 million |
which are close to the numbers in the SEC filings by HOOD
# of shares outstanding before the IPO | as of July 218th |
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Class A common stock | 655,874,456 |
Class B common stock (we cannot buy this) | 132,573,754 |
Maximum # of shares of class A stock, that could be sold in the IPO | 52,375,000 |
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After the IPO | |
Expected # of shares, class A stock outstanding | 710,596,801 |
Expected # of shares, class B stock outstanding | 131,807,224 |
And I realization more dilutions are allowed
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