Robinhood Prepares for IPO by Adding Three New Board Members Robinhood filed confidentially to the U.S. Securities and Exchange Commission in March for an IPO. It selected Nasdaq as the venue for its listing.
Misyrlena Egkolfopoulou | Jun 01, 2021
(Bloomberg) Robinhood Markets Inc. added three new members to its board ahead of the stock-trading app’s much anticipated initial public offering.
Jon Rubinstein, who helped create the iPod for Apple Inc., and Robert Zoellick, former president of the World Bank, will join the board immediately, the company said Tuesday in a statement. PricewaterhouseCoopers partner Paula Loop will be appointed June 17.
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Robinhood Narrows Trading Restrictions to Eight Companies
Bloomberg 2/1/2021 Yueqi Yang
(Bloomberg) Robinhood Markets Inc. reduced the number of companies with trading restrictions to eight from 50, ahead of Monday’s trading session, according to an update on its website.
The current list includes GameStop Corp., AMC Entertainment Holdings Inc., BlackBerry Ltd., Express Inc., Genius Brands International Inc., Koss Corp., Naked Brand Group Ltd. and Nokia Oyj.
Opening new positions in these securities is limited, according to Robinhood’s website, which listed the maximum number of shares and options contracts each user can hold. For those whose current holdings already exceed the limits, their positions won’t be sold or closed.