Tag: Robinhood IPO

Robinhood
July 29, 2021 BY Steffy Bogdanova

Robinhood attracts heavy regulatory demands

As a public company Robinhood will now be required to release quarterly financial results. Those will include previously undisclosed information on the crypto and options trading contribution to the company’s revenue. The public listing will also require the company to announce any sort of information that may affect its stock price such as government probes,…

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Robinhood
July 20, 2021 BY Alan Sayer

Robinhood seeks $35 billion market valuation in upcoming IPO

It has also shown revenue increases in several different metrics. Compared to the 2020 second quarter revenues, the 2021 second quarter revenues show an increase of more than 100%. This is an increase from $244 million in 2020 to $544 million in 2021.  This is also a revenue increase from the first quarter of 2021…

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Robinhood
July 02, 2021 BY Steffy Bogdanova

Trading app Robinhood files to go public

The company has stated that it manages over $80 billion for around 18 million users on its platform, of which more than half have made accounts for a first time. The company also reported that its growing business managed to turn a profit last year. Its sales rose to $958.8 million last year, registering 245%…

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Robinhood
June 25, 2021 BY Steffy Bogdanova

SEC review slows down Robinhood IPO plans

The trading app launched crypto trading in 2018 and now cryptocurrencies such as Bitcoin and Ethereum are available for trading. About a half of the users on the app are first-time investors. This year has been particularly volatile for crypto trading. SEC Chairman Gary Gensler is expected to make a number of new policies and…

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Robinhood
March 24, 2021 BY Steffy Bogdanova

Trading app Robinhood files for IPO

The trading app increased its popularity among young people during the lockdowns in the coronavirus pandemic with its zero-commission business model playing a significant role. The gained popularity of the venue also brought regulatory scrutiny and public-relations problems at the beginning of the year. Robinhood found itself in the eye of the storm during the…

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