As Robinhood co-founders prepare for a massive IPO, fintech keeps minting billionaires


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Robinhood co-founders Vlad Tenev and Baiju Bhatt are each poised to be worth about $2.6 billion on paper when their trading app debuts on the Nasdaq later this month.

Fintech is capturing an outsized share of the gains, with at least 12 companies that went public through an IPO, direct listing or special purpose acquisition company (SPAC) attaining a market capitalization of $10 billion or more.

The tech industry has minted 16 billionaires in 2021, including those with lower valuations, according to the tech industry’s most recent IPO prospectus.

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