Robinhood app plans to keep their IPO confidential starting March: Report

Online brokerage app Robinhood is planning to keep their initial public offering (IPO) filing in March according to a Bloomberg report.

The app last year had appointed Goldman Sachs to take care of the IPO by leading preparations. The value of their IPO could go up to $20 billion. Their tradings were effected in January after large-scale investment in companies like GameStop Corp. Robinhood was used by members of a Reddit group named WallStreet Bets to trade shorted hedge funds. They had to raise $3.4 billion in funds after the incident.

Robinhood did not respond to any news outlet about the situation.

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