Fintech Startup Robinhood Files for IPO
Main page News, Fintech, IPO

Fintech company Robinhood has just filed confidentially for an IPO with the Securities and Exchange Commission (SEC) through an S-1 form.

As reported by Bloomberg citing several sources, the startup could list its shares on the NASDAQ by the end of the second quarter of 2021. However, the final decision has not yet been made, so the timing of the IPO may be subject to change.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

It is currently unknown whether Robinhood will opt for a traditional IPO or a direct listing. The number of shares offered to investors and their price range will be determined at a later date.

Robinhood has raised a total of $5.6B in funding since its founding in 2013, according to Crunchbase. Investors in the company include venture capital funds Andreessen Horowitz, Sequoia Capital and D1 Capital Partners, among others.

Read also:
Please describe the error