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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. 1 min read
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.
- 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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The trader collected about $224,500 in premiums and will keep the full amount if XRP remains close to $1.40.
What to know:
- A large trader booked a "short strangle" strategy on Deribit, expecting XRP to stay close to $1.40 till the end of June.
- The trader collected about $224,500 in premiums and will keep the full amount if XRP remains close to $1.40.
- The low-volatility wager comes as macroeconomic pressures and a...
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