Robinhood has filed confidential paperwork with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). The company affirmed their decision via a blog post.
The company got off to a wild start to the year. During the Gamestop stock incident, it gained a large number of users onto its stock trading app. Robinhood added 3 million users through a Reddit-fueled trading frenzy in January, JMP Securities estimated.
That boom put Robinhood in hot water a…
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Source: Cryptocurrency - investing.com
