Online brokerage app Robinhood files confidential IPO: reports

Washington (AFP) – Online brokerage platform Robinhood, which has popularized free stock trades and drawn scrutiny from regulators, has filed confidentially for an initial public offering, media reports said Tuesday. Axios and Bloomberg News cited people familiar with the matter, noting that Robinhood had taken advantage of a regulation allowing for the IPO filing without immediate disclosure of its finances. Robinhood, which has sought to bring stock trades to a broader audience, has been at the center of a controversy after it was used to pump up the prices of beaten-down stocks like GameSto…

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