Robinhood Files Confidentially for IPO
One of the most talked-about stock brokerages is about to list itself on the stock market. Following media reports Tuesday that stated Robinhood has filed confidentially for an initial public offering (IPO), the company confirmed the speculation in a post on its official blog.
In that post, Robinhood said that it has not yet set the price range, nor the number of shares that will be sold in the offering. As for the timing, the company only said that it "is expected to take place after the [Securities and Exchange Commission] completes its review process, subject to market and other conditions."
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Source Fool.com
