{"id":3,"date":"2020-10-28T04:40:37","date_gmt":"2020-10-28T03:40:37","guid":{"rendered":"https:\/\/a2kadvisory.com\/?p=1"},"modified":"2021-03-01T10:05:33","modified_gmt":"2021-03-01T09:05:33","slug":"https-bit-ly-2xsn2nt","status":"publish","type":"post","link":"https:\/\/a2kadvisory.com\/fr\/2020\/10\/28\/https-bit-ly-2xsn2nt\/","title":{"rendered":"The fintech unicorn, which pioneered commission-free stock trading especially among millennials, is currently worth close to $12 billion."},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"3\" class=\"elementor elementor-3\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7d55c59 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7d55c59\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4e21dc64\" data-id=\"4e21dc64\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7e92d452 elementor-widget__width-auto elementor-view-stacked elementor-shape-circle elementor-widget elementor-widget-icon\" data-id=\"7e92d452\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"far fa-thumbs-up\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3eb10ecb elementor-widget__width-auto elementor-view-stacked elementor-shape-circle elementor-widget elementor-widget-icon\" data-id=\"3eb10ecb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"icon.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-wrapper\">\n\t\t\t<div class=\"elementor-icon\">\n\t\t\t<i aria-hidden=\"true\" class=\"fas fa-comments\"><\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71c11689 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"71c11689\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-44f8fd8c elementor-widget elementor-widget-text-editor\" data-id=\"44f8fd8c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul class=\"summary-list\"><li>Robinhood has hired Goldman Sachs to lead an initial public offering next year that could value the fintech startup at more than $20 billion,\u00a0<a href=\"https:\/\/www.nasdaq.com\/articles\/exclusive-trading-app-robinhood-hires-goldman-sachs-to-lead-ipo-sources-2020-12-08\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>\u00a0reported Tuesday.<\/li><li>The stock-trading app, which was last privately valued at $11.7 billion, recently started interviewing bankers and is aiming for an IPO in Q1 2021,\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-17\/robinhood-is-said-to-seek-advisers-for-potential-ipo-next-year?srnd=premium\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a>\u00a0reported earlier this month.<\/li><li>Robinhood pioneered commission-free stock trading and helped popularize it among millennials, but has also been plagued by\u00a0<a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/robinhood-stock-market-controversial-week-traders-cyberattack-accounts-trading-margin-2020-10-1029690410\" target=\"_blank\" rel=\"noopener\">data breaches<\/a>,\u00a0<a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/robinhood-sec-finra-investigation-march-trading-service-outage-stock-brokerage-2020-8-1029548651\" target=\"_blank\" rel=\"noopener\">outages<\/a>, and\u00a0<a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/robinhood-stock-market-controversial-week-traders-cyberattack-accounts-trading-margin-2020-10-1029690410\" target=\"_blank\" rel=\"noopener\">investigations from regulators<\/a>.<\/li><\/ul><p>Robinhood, the popular stock-trading app, has hired Goldman Sachs to lead its initial public offering next year,\u00a0<a href=\"https:\/\/www.nasdaq.com\/articles\/exclusive-trading-app-robinhood-hires-goldman-sachs-to-lead-ipo-sources-2020-12-08\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>\u00a0reported on Tuesday.<\/p><p>The offering could value the fintech company at more than $20 billion and will come sometime in 2021 depending on market conditions, according to Reuters.<\/p><p>Robinhood declined to comment and Goldman did not respond to a request for comment.<\/p><p>Robinhood was last privately valued at $11.7 billion following a September fundraising round and recently started interviewing potential bankers for an IPO in Q1 2021,\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2020-11-17\/robinhood-is-said-to-seek-advisers-for-potential-ipo-next-year\" target=\"_blank\" rel=\"noopener\">Bloomberg<\/a>\u00a0reported earlier this month.<\/p><div id=\"Pave-Haut2_5fedc9844f5a8\" class=\"ads-core-placer\" data-ads-core=\"{\">\u00a0<\/div><p>Its plans go to public aren&#8217;t new, however &#8211; former Robinhood co-CEO Baiju Bhatt\u00a0<a href=\"https:\/\/www.businessinsider.com\/baiju-bhatt-robinhood-plans-ipo-2018-9\" data-analytics-module=\"body_link\" data-analytics-post-depth=\"60\" data-uri=\"c6de33cd86b987c895236a0248ed6ba7\" target=\"_blank\" rel=\"noopener\">said as early as 2018<\/a>\u00a0that the company was eyeing an eventual IPO. (Robinhood announced in November that Bhatt had stepped down as co-CEO and would continue to serve on the company&#8217;s board, while co-founder Vlad Tenev will continue as the sole CEO, according to\u00a0<a href=\"https:\/\/fortune.com\/2020\/11\/20\/robinhood-ipo-ceo-vlad-tenev-founder-baiju-bhatt-stock-trading-app\/\" target=\"_blank\" rel=\"noopener\">Forbes<\/a>).<\/p><p>Robinhood&#8217;s investors include Andreessen Horowitz, D1 Partners, Google&#8217;s venture arm GV, Index Ventures, Kleiner Perkins, and Sequoia, according to PitchBook.<\/p><p>Robinhood, which helped popularize commission-free stock trading, particularly among millennials, has seen a new generation of novice traders flock its stock, options, and cryptocurrency trading platform during the pandemic. The platform currently has around 13 million users.<\/p><p>But that growth has brought its own set of challenges, including users being impacted by\u00a0<a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/robinhood-stock-market-controversial-week-traders-cyberattack-accounts-trading-margin-2020-10?r=ts-sub\" target=\"_blank\" rel=\"noopener\">trading volatility around the US presidential election<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.businessinsider.com\/robinhood-hackers-accessed-2000-trading-accounts-bloomberg-2020-10?r=ts-sub\" target=\"_blank\" rel=\"noopener\">hackers gaining access to nearly 2,000 users&#8217; accounts<\/a>.<\/p><p>Critics have accused Robinhood of &#8220;gamifying&#8221; investing to the point that inexperienced clients can cause themselves\u00a0<a href=\"https:\/\/www.businessinsider.com\/investing-experts-stock-picking-no-longer-generating-alpha-2020-10?r=ts-sub\" target=\"_blank\" rel=\"noopener\">substantial financial harm<\/a>. This came to a head in June when a young options trader\u00a0<a href=\"https:\/\/www.businessinsider.com\/robinhood-trader-college-student-dies-suicide-options-negative-cash-balance-2020-6\" data-analytics-module=\"body_link\" data-analytics-post-depth=\"80\" data-uri=\"80ae82a560479d6c1d1bd11ba84a67d2\" target=\"_blank\" rel=\"noopener\">killed himself<\/a>\u00a0after seeing an extremely large negative portfolio value that was not reflective of his actual balance.<\/p><div id=\"Pave-Haut2_5fedc9844f78b\" class=\"ads-core-placer\" data-ads-core=\"{\">\u00a0<\/div><p>Some investors have also accused Robinhood&#8217;s novice traders of skewing the market, though a\u00a0<a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/robinhood-traders-impact-stock-market-prices-none-study-popularity-effect-2020-9?r=ts-sub\" target=\"_blank\" rel=\"noopener\">recent study<\/a>\u00a0found Robinhood&#8217;s traders had little impact.<\/p><p>The company has also faced scrutiny from federal regulators. In 2019, Robinhood launched checking and savings products, hawking them as fully insured accounts with sky-high interest rates. However, that wasn&#8217;t completely true, and\u00a0<a href=\"https:\/\/www.businessinsider.com\/robinhood-millennial-stock-trading-app-ignored-rules-money-safe-2019-7\" data-analytics-module=\"body_link\" data-analytics-post-depth=\"100\" data-uri=\"aeecd1bb33568230e3d114762e7768e6\" target=\"_blank\" rel=\"noopener\">the company was forced back to the drawing board<\/a>.<\/p><p>More recently, Robinhood was targeted by the Securities and Exchange Commission and the Financial Industry Regulatory Authority in an investigation for its\u00a0<a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/robinhood-sec-finra-investigation-march-trading-service-outage-stock-brokerage-2020-8?r=ts-sub\" target=\"_blank\" rel=\"noopener\">handling of a day-long outage in March<\/a>\u00a0and separately by the SEC in an investigation into alleged failures to properly disclose its\u00a0<a href=\"https:\/\/markets.businessinsider.com\/news\/stocks\/robinhood-sec-investigation-high-speed-trading-firm-deals-market-makers-2020-9?r=ts-sub\" target=\"_blank\" rel=\"noopener\">deals with high-speed traders<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac297cd elementor-widget elementor-widget-text-editor\" data-id=\"ac297cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Source : <a href=\"https:\/\/www.businessinsider.fr\/us\/robinhood-hires-goldman-sachs-lead-ipo-20-billion-valuation-report-2020-12\" target=\"_blank\" rel=\"noopener\">businessinsider.fr<\/a>\/ Image : Vladimir Tenev, <a href=\"https:\/\/www.businessinsider.fr\/us\/robinhood-hires-goldman-sachs-lead-ipo-20-billion-valuation-report-2020-12\" target=\"_blank\" rel=\"noopener\">businessinsider.fr<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d54d9f3 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3d54d9f3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>Robinhood, the popular stock-trading app, has hired Goldman Sachs to lead its initial public offering next year, Reuters reported on Tuesday.<\/p>","protected":false},"author":1,"featured_media":733,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"right-sidebar","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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data-secret=\"rsS4c91oAI\"><a href=\"https:\/\/a2kadvisory.com\/fr\/2020\/10\/28\/https-bit-ly-2xsn2nt\/\">The fintech unicorn, which pioneered commission-free stock trading especially among millennials, is currently worth close to $12 billion.<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/a2kadvisory.com\/fr\/2020\/10\/28\/https-bit-ly-2xsn2nt\/embed\/#?secret=rsS4c91oAI\" width=\"500\" height=\"350\" title=\"\u00ab\u00a0The fintech unicorn, which pioneered commission-free stock trading especially among millennials, is currently worth close to $12 billion.\u00a0\u00bb &#8212; A2k Advisory | Business advisory\" data-secret=\"rsS4c91oAI\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! 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