Robinhood files for IPO
The digital-asset-friendly platform Robinhood has confidentially submitted its draft Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for an initial public offering.
We have confidentially submitted our draft registration statement on Form S-1 with the SEC https://t.co/0p4QctvaIM
— VLAD (@vladtenev) March 23, 2021
The number of shares to be offered to investors and the price range will be determined later.
According to sources Bloomberg, the offering could take place in the second quarter after the SEC review is completed and market conditions are favourable. It remains unclear whether it will take the form of an initial public offering (IPO) or a direct listing, in which no new shares are issued and existing shareholders’ shares are sold.
Earlier, sources told CNBC CNBC that Robinhood’s securities would be listed on Nasdaq.
Last year, following its Series G round, Robinhood surpassed $11 billion. At the start of 2021 the company raised $3,4 млрд, despite the controversy surrounding GameStop, Dogecoin and Reddit traders.
18 февраля соучредитель и генеральный директор платформы Влад Тенев apologised for the temporary ban on purchases of a number of securities during hearings before the U.S. House Committee on Financial Services.
Earlier, ForkLog reported that Robinhood’s audience in January–February rose by 6 million.
Recently, Vlad Tenev promised to add a cryptocurrency wallet to the platform’s functionality as quickly as possible.
Follow ForkLog on Facebook!
Рассылки ForkLog: держите руку на пульсе биткоин-индустрии!