Today Bloomberg reported, and Axios verified that Robinhood has filed privately to go public. The well-financed Robinhood is an American fintech business that offers zero-cost trading services to consumers.
Private IPO filings have become typical in recent quarters, making Robinhood’s choice to file behind closed doors before showing its numbers to the public unsurprising. That it has actually filed independently, nevertheless, indicates that the company is better to a public launching than we might have anticipated.
Robinhood has long been expected to have a 2021 IPO in its plans. The business has not yet responded to an inquiry from TechCrunch concerning the news of its private IPO filing.
There are a number of reasons why Robinhood might be interested in a near-term public launching, regardless of running into debates in current quarters. The well-financed Robinhood is an American fintech business that provides zero-cost trading services to customers. Personal IPO filings have ended up being common in current quarters, making Robinhood’s choice to submit behind closed doors before showing its numbers to the public unsurprising.Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.