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Robinhood plans confidential IPO filing as soon as March- Bloomberg News

Reuters2021-02-27

Feb 26 (Reuters) - Online brokerage Robinhood, at the centre of this year's retail trading frenzy, is planning to file confidentially for an initial public offering as soon as March, Bloomberg News reported late on Friday, citing sources.

The California-based brokerage has held talks in the past week with underwriters about moving forward with a filing within weeks, Bloomberg said.

Robinhood did not immediately respond to a request for comment.

Reuters reported last year that Robinhood has picked Goldman Sachs Group Inc to lead preparations for an initial public offering which could value it at more than $20 billion.

Robinhood was at the heart of a mania that gripped retail investors in late January following calls on Reddit thread WallStreetBets to trade certain stocks that were being heavily shorted by hedge funds.

The online brokerage tapped around $3.4 billion in funding after its finances were strained due to the massive trading in shares of companies such as GameStop Corp .

(Reporting by Ann Maria Shibu in Bengaluru; editing by Richard Pullin)

((AnnMaria.Shibu@thomsonreuters.com; +1 646 223 8780; + 91 80 6749 2795;))

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  • 1Man2Stonks
    ·2021-03-01
    After the last shenanigans don't think they can make it
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  • Narujoe99
    ·2021-02-28
    Nice
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  • FeiMo
    ·2021-02-27
    老虎对标罗宾汉吧
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    收起
    • 全職業餘韭菜
      居然跟我名字好像!幸會幸會你好哈哈哈 [开心] [开心] [开心]
      2021-02-27
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    • FeiMo

      [握手]

      2021-02-27
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  • ttstansg99
    ·2021-02-27
    Cool 😎 
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  • Charmander
    ·2021-02-27
    -1
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  • ICEsh00ter
    ·2021-02-27
    还靠谱吗?
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  • Daruma
    ·2021-02-27
    [惊讶] 
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    收起
    • Daruma
      [财迷][财迷][财迷]
      2021-02-27
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  • bane
    ·2021-02-27
    🙌🏽
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  • Angsana
    ·2021-02-27
    They good meh
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  • Unknown934
    ·2021-02-27
    Short it 
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  • Unknown934
    ·2021-02-27
    Let the stock plunge!!  Short it!!!
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  • HLPA
    ·2021-02-27
    Timely
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    • HLPA
      else will seek liquidation?
      2021-02-27
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    • PEHPEH
      Hahaha
      2021-02-27
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    • jayelse
      oh ok
      2021-02-28
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