Market Overview

Robinhood Aims For Potential IPO In 2021: Report

Robinhood Aims For Potential IPO In 2021: Report

Robinhood is seeking advisers for a potential initial public offering in the first quarter of 2021 and has asked banks to pitch for roles, according to Bloomberg, citing people with knowledge of the matter.

Robinhood is the stock trading app that became the first widely used broker to offer zero-fee trading. It currently has a valuation of $11.2 billion, according to Bloomberg.

There is no timeline for the IPO. The app has experienced some outages during the recent major market moves.

Related Links:

Why—And How—Did Robinhood Decide To Clear Its Own Trades?

Robinhood Makes It Easier For Investors To Track Performance With New Display


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