Robinhood Markets Inc., is an online brokerage company with a stock trading and investing app aimed at younger retail investors. The company, an early adopter of zero-commission trades, filed for a confidential initial public offering (IPO) in March 23, 2021.
A confidential IPO allows a company to submit an initial draft of its S-1 to the Securities and Exchange Commission (SEC), which only needs to be made public 15 days before any promotional roadshow or, if there’s no roadshow, 15 days before…

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