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Robinhood is looking into IPO

Online broker Robinhood has privately applied for an IPO with the US Securities and Exchange Commission. The date and price of the placement are not yet known. According to Bloomberg, The IPO may take place in the third quarter of 2021.

Global Technologies Private Portfolio investors have purchased Robinhood private share last June. The current yield of the investment is 261,8%.

Robinhood — оone of the fastest-growing fintech startups in the United States. The company is developing an application for investing in stocks, ETFs, and cryptocurrencies without commissions. Over the past few years, Robinhood has seen tremendous growth, with over 10 million users today.

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