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Robinhood Markets filed for one of the most anticipated initial public offerings of the year on Thursday, revealing rapid growth resulting in 18 million retail clients and more than $80 billion in customer assets. Robinhood was profitable last year, generating a net income of $7.45 million on net revenue of $959 million in 2020. The company generated $522 million in revenue in the first quarter if 2021, up 309% from the $128 million earned in the first quarter of 2020. The brokerage aims to raise $100 million in the massive public debut. Robinhood plans to trade under the symbol $HOOD on the Nasdaq.
#Robinhood #HOOD #IPO ~Robinhood Prepares For IPO | $HOOD Revenue Revealed |