Robinhood to file for IPO in March
US brokerage Robinhood plans to file a confidential file to conduct an initial public offering (IPO) in March. This information was released by the Bloomberg news agency, which heard sources familiar with the matter.
The broker last week held talks with subscribers about the progress of the process. According to the sources, Robinhood has not yet made a final decision on going public, so interest may change.
Last year, Reuters reported that the broker had chosen Goldman Sachs to lead preparations for the IPO that could be valued at more than $ 20 billion. Earlier last month, Robinhood said it raised $ 3.4 billion, including the $ 1 billion contribution announced on February 29.
The capital injection comes at a time when Robinhood is rushing to strengthen the business in the face of the strong increase in the number of customers and negotiations on its platform after the events of the GameStop case.
“With this funding, we are going to build and perfect our products that give people access to the financial system,” the company said in a note.