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Robinhood Files Confidential Paperwork With SEC for an IPO

Published 03/24/2021, 08:03 AM
Updated 03/24/2021, 08:30 AM
Robinhood Files Confidential Paperwork With SEC for an IPO

  • Robinhood has filed confidential paperwork with the SEC for an initial public offering.
  • The company added 3 million users through a Reddit-fueled trading frenzy in January.

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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