Robinhood has applied for a public offering

Robinhood, a digital asset-friendly platform, has filed an S-1 IPO with the US Securities and Exchange Commission (SEC).

We have confidentially submitted our draft registration statement on Form S-1 with the SEC https://t.co/0p4QctvaIM

– VLAD (@vladtenev) March 23, 2021

The number of shares offered to investors and their price range will be determined later.

According to sources from Bloomberg , the placement could take place in the second quarter after the completion of the SEC audit and subject to favorable market conditions. It remains unclear if it will take the formIPO or direct listing of shares… 

Earlier, CNBC sources said Robinhood securities will appear on the Nasdaq.

Last year, according to the results of the Series G round, the capitalization of Robinhood exceeded $ 11 billion . In early 2021, the company raised $ 3.4 billion despite the scandal surrounding GameStop, Dogecoin and Reddit traders.

Robinhood is at the epicenter of the GameStop, Dogecoin and Reddit traders’ scandal

On February 18, co-founder and CEO of the platform, Vlad Tenev, apologized for a temporary ban on the purchase of a number of securities at a hearing at the Financial Services Committee of the US House of Representatives.

Hodlmonks previously reported that Robinhood’s audience grew by 6 million in January-February .

Recently Vlad Tenev promised to add a crypto wallet to the functionality as soon as possible .

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