Cointelegraph.comCryptocurrency ExchangeIPOrobinhoodSEC

Robinhood files SEC paperwork for public offering

The popular trading app has submitted a draft registration statement on Form S-1 with the SEC.
Robinhood Markets Inc., a popular trading app that recently expanded its cryptocurrency business, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to go public.The company confirmed Tuesday that it had confidentially submitted a draft registration statement on Form S-1 with the SEC relating to the proposed public offering of its common stock. Form S-1 requires companies to provide more detailed information on the planned use of capital proceeds., as well as a brief prospectus on the proposed security. While Robinhood didn’t specify when the IPO would take place, it confirmed that a public offering would be pursued “after the SEC contemplates its review process, subject o market and other conditions.” Speculation about a Robinhood IPO has circulated for months amid news that the company had lined up a team of advisers to guide it through the listing process. In October 2020, CEO and co-founder Vlad Tenev told CNBC that he was “not in a rush” to push a public listing because the company was well funded. Public opinion of Robinhood soured earlier this year – and may have stalled the IPO process – after the company decided to halt trading of GameStop. An anonymous survey conducted in January via the Blind networking forum found that, among 8,750 verified finance professionals, 83% believed Robinhood had “screwed its IPO.” Robinhood added 6 million new cryptocurrency users in January and February 2021, which was 15 times higher than …
Story continues on Cointelegraph

Related posts
AbraCoinbaseCointelegraph.comCourtlawPrivacyregulation

Federal judge's decision could be a blow for the privacy rights of crypto users

The Internal Revenue Service will likely not be penalized for obtaining records on a crypto user from Coinbase or Abra. A federal judge has implied that an individual may not have the right to force the Internal Revenue Service, or…
CoinbaseCointelegraph.comCryptocurrenciesCryptocurrency ExchangeDeFiMarketsSTORJ

Coinbase listing effect reemerges as Ankr, Curve (CRV) and Storj rally

Ankr, Curve and Storj each saw double-digit rallies shortly after Coinbase announced plans to list each token this week. On March 23 the Coinbase listing ‘bump’ reemerged as the exchange announced that it would list Ankr (ANKR), Curve DAO Token (CRV),…
Altcoin WatchCointelegraph.comCryptocurrenciesDappsdecentralized marketplaceGamblingMarketsTron

Gambling tokens hit the jackpot as COVID-19 lockdowns drag on

Blockchain gambling and gaming projects have seen their token prices triple as the COVID-19 lockdowns alter the nature of entertainment. Global developments over the past year have reshaped all aspects of daily life for most people and initiated some structural…