Robinhood to Reveal IPO Filings as Early as Next Week: Report
The filing will give potential investors their first detailed look at the millennial-friendly investment platform’s financials and risks, according to Bloomberg.
May 18, 2021 at 4:59 p.m. UTCUpdated Aug 19, 2021 at 9:30 a.m. UTC
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Robinhood Markets LLC, the popular trading app for stock, options, gold and cryptocurrencies, will reveal its initial public offering filings as soon as next week, people familiar with the matter told Bloomberg Tuesday.
- The timing and details could change even though the millennial-friendly investing platform’s plans are at an “advanced” stage, said the publication.
- Robinhood has been criticized by regulators who have said the site encourages the game-like nature of trading, particularly among inexperienced retail traders.
- Robinhood did not immediately respond to CoinDesk queries.
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