Robinhood Markets Inc. requested an initial public offering, and reported that it became profitable last year with losses in the first quarter, on one of the most important listings for the next year.
The company, targeting its trading platform for novice investors, has listed the size of the $ 100 million offering as a placeholder that will change when it sets conditions for the sale of shares. Thursday’s registration notice was submitted to Robinhood in March after the announcement was made confidential to the public.
Robinhood said it generated a net income of $ 7.45 million in 2020 as a result of a net income of $ 95.45 million, compared to a loss of $ 107 million in the previous year.