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Robinhood Files Confidentially for IPO: Report
The millennial-friendly investments platform will seek a listing on Nasdaq, according to Bloomberg.
By Danny Nelson
Updated Sep 14, 2021, 12:31 p.m. Published Mar 24, 2021, 12:45 a.m.
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Robinhood Markets L.L.C., maker of the eponymous stock trading app, has confidentially filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering, according to Bloomberg.
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- The millennial-friendly investing platform and popular cryptocurrency on-ramp has not yet confirmed its plans (which could change) but the gears are moving toward a public debut, insiders told Bloomberg Tuesday.
- After a rocketing 12 months of pandemic-fueled retail trader growth and its recent drubbing in the press and in Congress over the GameStop fallout Robinhood plans pursue a listing on tech-heavy Nasdaq, giving its investors a long-awaited chance to cash in.
- Robinhood did not immediately respond to CoinDesk queries.
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