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Robinhood confidentially files for US stock market listing: sources

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Robinhood Markets Inc, the online brokerage at the heart of the historic retail trading frenzy that gripped Wall Street this year, has ...

Robinhood Markets Inc, the online brokerage at the heart of the historic retail trading frenzy that gripped Wall Street this year, has confidentially submitted plans to regulators for a U.S. stock market listing, people familiar with the matter said.

FILE PHOTO: The Robinhood App is displayed on a screen in this photo illustration January 29, 2021. REUTERS/Brendan McDermid/IllustrationREUTERS: Robinhood Markets Inc, the online brokerage at the heart of the historic retail trading frenzy that gripped Wall Street this year, has confidentially submitted plans to regulators for a U.S. stock market listing, people familiar with the matter said.

It was not immediately clear whether Robinhood has filed for a traditional initial public offering or a direct listing, but the company had considered going public through a direct listing in the weeks leading up to the filing, the sources added.Bloomberg News reported about the development earlier on Tuesday.

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