Riskified (RSKD) IPO Opens Up to Robinhood Investors

July 19, 2021 4:55 PM EDT

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Robinhood made another upcoming IPO available to its customers today. Risk management service Riskified is now on the firm's IPO Access list, which is going public on the NYSE under the ticker 'RSKD'.

Riskified will be offering 17,300,000 Class A ordinary shares at a price between $18-$20 per share in the IPO. Goldman Sachs & Co. LLC, J.P. Morgan, and Credit Suisse are the lead underwriters of the offering.

Riskified provides an eCommerce risk management platform that allows online merchants to create trusted relationships with their consumers. Riskified said its platform can increase merchant sales approval rates by, in some cases, more than 20%.

For the years ended December 31, 2019 and 2020, Riskified's total GMV increased 60%, from $39.7 billion to $63.4 billion. For the three months ended March 31, 2020 and 2021, Riskified's total GMV increased 77%, from $10.7 billion to $18.9 billion. For the years ended December 31, 2019 and 2020, revenue increased 30%, from $130.6 million to $169.7 million. For the three months ended March 31, 2020 and 2021, revenue increased 54%, from $33.2 million to $51.1 million.

For the years ended December 31, 2019 and 2020, the company's net loss improved by 20%, from a net loss of $14.2 million to a net loss of $11.3 million. For the three months ended March 31, 2020 and 2021, net profit decreased $45.9 million, from $2.3 million of net profit to $43.7 million of net loss, primarily due to remeasurement losses related to our convertible preferred share warrant liabilities and convertible preferred share tranche rights due to increases in the fair value of the underlying instruments.

Riskified is expected to go public on July 29th.

In addition to Riskified, Robinhood is offering clients access to its own Robinhood Markets IPO (NASDAQ: HOOD), also expected on July 29th, Outbrain (NASDAQ: OB), and Duolingo (NASDAQ: DUOL).

In the recent past, Robinhood participated in the IPOs for FIGS (NYSE: FIGS), Clear Secure (NYSE: YOU), and F45 (NYSE: FXLV).



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