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Robinhood Files For IPO, Plans To Raise Up To $100M
Summary: Robinhood Markets, Inc, the popular stock and crypto trading application company, filed the S-1 form with the Securities and Exchange Commission (SEC) on Thursday afternoon for an initial public offering (IPO). The documents show that it intends to raise a maximum of $100 million, the stock will trade under the ticker "HOOD". Robinhood said it ...
Robinhood Markets, Inc, the popular stock and crypto trading application company, filed the S-1 form with the Securities and Exchange Commission (SEC) on Thursday afternoon for an initial public offering (IPO).
The documents show that it intends to raise a maximum of $100 million, the stock will trade under the ticker "HOOD".
Robinhood said it has 17.7 million monthly active users, more than 50% of new users, and $81 billion in assets, its revenue jump from $278 million in 2019 to $959 million last year, an increase of 245%.
Robinhood also stated that in the first quarter of 2021, 17% of its transaction-based revenue came from cryptocurrencies, and Dogecoin is a large part of its crypto-related revenue.
By Mary Liu
Tags: Cryptocurrency,DOGE,IPO,Robinhood,SEC
Link: Robinhood Files For IPO, Plans To Raise Up To $100M [Copy]
