Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020.ahead of the release of the key June jobs report, which is set for 8:30 a.m. ET. All street major indexes finished in the green Thursday, as Wall Street kicked off the second half of 2021 on a positive note after a strong first six months. Theadvanced 0.5% to 4,319.94, setting its sixth-consecutive record high. The Dow Jones Industrial Average added 131 points, finishing the session at 34,633.53.
Robinhood ended the first three months of this year with a loss of $1.4 billion, which is connected to the emergency fundraising it completed during the height of the Reddit-fueled GameStop frenzy in January. Revenue in the quarter jumped 309% to $522 million, compared with $128 million in the first quarter of 2020. About 38% of Robinhood's revenue comes from options trading accounts. Equities account for 25% of revenue, while crypto represents 17%.
The company, which was founded in 2013, is looking to raise $100 million in its IPO. It intends to list on the Nasdaq and trade under the ticker "HOOD."Sir Richard Branson stands on the floor of the New York Stock Exchange ahead of Virgin Galactic trading in New York, U.S., October 28, 2019.
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