By Reuters Staff
2 Min Read
(Reuters) - Online brokerage Public.com, which competes with Robinhood, said on Wednesday it had raised $220 million in fresh funds from new and existing investors, lifting its valuation to $1.2 billion.
Investors have doubled down on online brokerages that were at the center of a social media-driven trading frenzy on Wall Street in heavily shorted shares of companies such as GameStop Corp.
Robinhood closed a mammoth $3.4 billion fundraise earlier this year to shore up its finances as clearinghouses asked for more collateral due to heightened volatility.
New York-based Public.com operates a zero-fee trading app that also doubles up as a social media investment community, where its members can own fractional shares of stocks and exchange-traded funds (ETFs), according to its website.
Patrolman Guy Cooper.
Haverhill Patrolman Guy Cooper has formed a committee as a first step toward seeking the mayor’s job during this fall’s local elections.
The Cooper Committee was formed last Wednesday, according to records on file with the state Office of Campaign and Political Finance. Cooper would become the second officer in recent years to seek the corner office in City Hall. In 2019, Patrolman Daniel Trocki unsuccessfully challenged Mayor James J. Fiorentini. Trocki earned a respectable 4,785 votes to Fiorentini’s 6,503, and the mayor went on to win an unprecedented ninth term.
The mayor told WHAV he has not decided whether to re-election this year. He said he doesn’t expect to make any announcements until April or May.