The online brokerage, which was at the center of a confrontation between a new generation of retail investors grouping on social media and Wall Street hedge funds in late January, is aiming for an IPO valuation of over US$40 billion
NEW YORK: Robinhood Markets Inc on Thursday set the stage for its hotly anticipated stock market launch, after settling legal fines it said were unlikely to be its last and revealing a massive surge in growth in its initial public offering filing.
The online brokerage, which was at the center of a confrontation between a new generation of retail investors grouping on social media and Wall Street hedge funds in late January, is aiming for an IPO valuation of over US$40 billion, Reuters previously reported.
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