Robinhood IPO, shares sold through the app
Robinhood could soon be listed on the stock exchange, and once the IPO is a reality, it could sell its shares via its own app.
Robinhood in fact is the trading app particularly used by young people especially in the US.
Over the years, its use has grown steadily, as has its revenue. The Covid-19 has increased its expansion: many people, fearing the economic crisis loud Bitcoin Future and its repercussions on their future and work, have chosen the app to make investments and find alternative income. But the accusations against it have also increased. Robinhood, precisely because of its ease of use, has been accused of turning trading into a game, with incalculable risks for the less experienced.
In any case, the team seems to be proceeding rapidly towards a strengthening and plans to launch on the stock exchange. An IPO for Robinhood has already been discussed. According to Bloomberg, Robinhood Market may retain some of its shares and list them on its own app.
This would be a very unusual move. An IPO is not usually suitable for retail investors. Instead, Robinhood might choose to allocate some of its shares on its app to curb the buying spree that usually drives up stock prices in the first few days of listing.
Buying shares on Robinhood: plans for 2021
Interestingly, while users are wondering which shares to invest in using Robinhood, the company itself may be making its own available.
Meanwhile, the company has already announced its plans for 2021. Vlad Tenev, CEO of Robinhood, explained at the end of the year:
„In 2021, we will continue to expand investment access for our clients with products such as fractional shares, which more than two million clients have used monthly in recent months, including DRIPs (Dividend Reinvestment Plans) and recurring investments. Because we believe that this new generation should not be excluded from their only viable method of potential long-term wealth creation“.
All in all, the year that has just begun looks to be full of plans for Robinhood and its users.