Share this article
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.
Updated Sep 14, 2021, 12:57 p.m. Published May 18, 2021, 4:59 p.m.
Make us preferred on Google
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.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- 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.
More For You
More For You
Trump-linked Truth Social seeks SEC approval for two crypto ETFs
The filings include a bitcoin and ether ETF and a staking-focused Cronos fund, deepening the Truth Social brand’s ambitions in digital asset investing.
What to know:
- Yorkville America Equities, the firm behind Truth Social–branded ETFs, has filed with the SEC to launch a Truth Social Bitcoin and Ether ETF and a Truth Social Cronos Yield Maximizer ETF.
- The proposed Cronos-focused ETF would invest in and stake Cronos (CRO) tokens, aiming to generate yield through staking rewards in addition to price exposure.
- If approved, the funds would be launched in partnership with Crypto.com, which would provide custody, liquidity and staking services, and be distributed through its affiliate Foris Capital US LLC.
Top Stories
