Trading App Robinhood Says It Filed Confidentially for IPO
- Robinhood is said to be going public as soon as late in Q2
- Meme-stock frenzy added to company’s users: JMP Securities
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Robinhood Markets Inc. said it filed confidentially for an initial public offering, in what will be a highly anticipated listing among investors -- including the trading app’s own customers.
The company said in a statement Tuesday that it had submitted its filing to the U.S. Securities and Exchange Commission, confirming an earlier report by Bloomberg. Robinhood could go public as soon as late in the second quarter but the timing could change, said a person familiar with the matter who asked to not be identified because it wasn’t public.