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The company, which pitches its trading platform to novice investors, listed the size of the offering as $100 million, a placeholder that will change when it sets terms for the share sale. Thursday’s registration statement follows Robinhood’s announcement in March that it had filed confidentially to go public. Robinhood said it generated net income of $7.45 million on net revenue of $959 million in 2020, compared with a loss of $107 million on $278 million the previous year, according to the filing. The company’s revenue surged during the first quarter, exceeding $522 million compare...

Murdick’s meme moment; whistleblower bailout; Robinhood grows up; and more!

Robinhood Markets Inc. is beefing up its board of directors ahead of the stock-trading app’s highly anticipated initial public offering.

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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. ...