Robinhood IPO filing shows impressive numbers and a high reliance on Dogecoin
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Free stock-trading startup Robinhood Market Inc. today publicly disclosed its initial public offering filing three months after confidentially filing for an IPO with the U.S. Security and Exchange Commission.
The S-1 filing spells out Robinhood’s financials for the first time, and the numbers are impressive. In 2020, Robinhood generated revenue of $959 million, up 245% from 2019. It reported an adjusted profit before interest, taxes, depreciation and amortization of $155 million, compared with a loss of $74 million the year before.
For the three months ended in March, revenue grew 309% year-over-year, to $522 million with an adjusted profit of $115 million, compared with a loss of $47 million a year ago.
Vita Coco parent planning IPO at more than $2B valuation, Bloomberg reports fooddive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fooddive.com Daily Mail and Mail on Sunday newspapers.
The state's teachers' pension plan has backtracked on an official disclosure form that said its top investment staff was paid by a firm managing its real estate in Harrisburg.
Fraud case goes before Chief Magistrate
Article by June 9, 2021
A 26-year-old St Michael man has been remanded to Dodds prison for 28 days in connection with three fraud charges allegedly committed in two jurisdictions.
It is alleged that Kemo Avery Grant, from Rogers Road, Grazettes dishonestly obtained $398.49 in goods from BJ’s Value Market Inc trading as Popular Discount, with intent to permanently deprive the company, by falsely representing that eight $50 Popular Discount vouchers that he produced were good and valid orders for payment.
The offence is said to have occurred in the District ‘B’ Oistins jurisdiction on February 4. No plea was taken on that offence when Grant appeared in the District ‘A’ Magistrates’ Court before Chief Magistrate Ian Weekes.
Handout Under FBI investigation, Pennsylvania s $64 billion public school pension fund sought to backtrack on previous disclosures that staffers were working on both sides of real estate dealings.
Amid an FBI investigation, the mammoth PSERS pension plan has disavowed as poorly worded an official disclosure form that said its top investment staff was also being paid by a firm hired to manage its real estate in Harrisburg.
The fund said that in fact no one on its staff had received any “additional compensation” even though the forms said they were paid employees of both the retirement plan and the realty firm. The $64 billion fund said it has filed replacement disclosures with the IRS “correcting this error.”