Trading app Robinhood Marketplaces claims it submitted confidentially for IPO
2 min readRobinhood Markets, the well-liked buying and selling app, has filed papers for an initial general public featuring (IPO) with the US Securities and Trade Fee, according to people acquainted with the make a difference. Robinhood is moving forward with its IPO although its listing plans could adjust, explained the individuals, who asked to not be discovered mainly because the issue is not general public. Bloomberg News formerly noted that Robinhood was scheduling to file for an IPO this thirty day period. The enterprise has selected Nasdaq as the venue for its listing, individuals common with the matter have claimed. A consultant for Robinhood, based in Menlo Park, California, declined to remark. Robinhood became immensely popular in the course of the coronavirus pandemic, significantly as homebound younger individuals turned to on the net investing to pass the time and make money.

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