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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.
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.
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- 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.
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
