Robinhood Markets Inc., the popular securities-trading app, filed paperwork with the Securities and Exchange Commission for what’s sure to be one of the year’s most eagerly awaited initial public offerings.
Robinhood announced the filing, which it made confidentially, in a statement Tuesday. As is customary, the company didn’t disclose any of the details in the filing. A pioneer in easy, commission-free trading, Robinhood has been widely expected to stage an IPO soon. The filing, which a person familiar with the matter said was made Monday, puts the company on track to start trading publicly by the end of the second quarter, a timetableThe eight-year-old firm was forced to pursue the funds when a surge of activity on its platform—driven by ferocious buying of so-called meme stocks like GameStop Corp.
Robinhood ultimately raised $3.4 billion, mostly from existing investors. An IPO would enable the company to raise additional capital to serve as an added cushion and fund growth.
Khalil0324 KailebLittle1
mikozlowski Cool
Conflict of interest?
Millennials looking for security in a rapidly climate-changing world are advised that a better long term bet than Robinhood stock is actually robbing the rich (and using the money to buy nonperishables).
I remember when you guys actually reported serious business news and not just glorified advertisements. Guess I’m getting old.
Robinhood - We pick and choose who makes money !
I remember reading this book as a child...didn't Robin hood steal from the rich to give to the poor?
Robinhood, There For The Little Guy, Until The Big Guys Come Calling.
'Robinhood - we let you trade most of the times!'
Investors eagerly await to invest in company with no revenue collection model.
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