Cravath Swaine & Moore and Davis Polk & Wardwell took top roles in the initial public offering Thursday of popular stock trading app Robinhood Markets Inc.
Cravath is representing the company in the IPO. The S-1 filing by Robinhood on Tuesday ahead of its IPO debut showed that the company has paid the firm $10,030,000 in legal fees and expenses.
Davis Polk & Wardwell is representing underwriters led by Citigroup Inc., Goldman Sachs Group Inc. and JP Morgan Chase & Co.
The IPO shows how Robinhood’s quick rise in popularity translated into large fees for Big Law. The company’s free ...
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