Stock trading app company Robinhood files plan to go public

Stock trading app company Robinhood files plan to go public

3 years ago
Anonymous $hYN7Hy7o7J

https://apnews.com/1b95aee63ec9e9a08ee224f6a4879008

CHARLOTTE, N.C. (AP) — Stock trading app company Robinhood said Tuesday that it has submitted a confidential plan to go public later this year.

The company based in Menlo Park, California, filed the paperwork with the Securities and Exchange Commission while at the center of a battle between online activist retail investors and institutional investors over companies such as GameStop and AMC Entertainment. Robinhood had to restrict trading of those companies earlier in the year, and has been subject to congressional investigations.