Robinhood confirmed in a blog post at the end of March 2021 that the company has filed confidentially for an IPO. Although no official IPO date has been released yet, Robinhood has revealed that it could take place after the Securities and Exchange Commission (SEC) finishes its review process, which will most likely be in the second quarter of 2021. Robinhood won’t have to make its financials public until 15 days before the offering, meaning that there could be a hurried scramble upon announcement of the date. Traders should keep an eye out for any news announcements during this period.
It has decided to list on the NASDAQ stock exchange, which is a popular choice for technology companies due to the NASDAQ’s reputation of holding many innovative and growth-orientated stocks. Remember to take stock market hours into consideration as it will begin trading later into the US session on the day.
Learn more about upcoming IPOs.