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Stock impact report

Robinhood chooses the Nasdaq for its IPO, sources say [MSNBC.com]

GameStop Corporation (GME) 
Last gamestop corporation earnings: 3/26 04:06 pm Check Earnings Report
Company Research Source: MSNBC.com
Robinhood has chosen theNasdaqThe company has not yet filed officially for the listing.The stock trading app has lowered the barrier to entry for millions of retail investors, setting the stage for one of thebiggest public debuts of the yearIt's unclear if Robinhood has chosen a direct listing or a traditional IPO, sources said. Regardless of the method, Robinhood will file an S-1 with the Securities and Exchange Commission. Typically, it takes about one to two months for companies to make their debut once they file with the SEC.Goldman Sachs is advising on the Robinhood IPO.Robinhood —whose longstanding mission is to "democratize" investing — is seen as the main gateway for young investors to access the markets.After record growth during the Covid-19 pandemic, the millennial-favored stock trading app found itself in the middle of a firestorm in January amid the short squeeze in GameStop, which was partially fueled by Reddit-driven retail investors. However, Robinhood's brand appears Show less Read more
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