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Home Markets Equities Stock Market

Most popular stock trading app for young traders ready to list on NASDAQ

Olumide Adesina by Olumide Adesina
March 6, 2021
in Stock Market
Blackberry, Gamestop, AMC restricted by Robinhood, Interactive Brokers
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Robinhood, the most popular trading app among a significant number of millennials and Gen Z has chosen Nasdaq Exchange, the popular tech-dominated stock exchange for its initial public offering, according to reports seen on CNBC.

Robinhood whose major mission is to “democratize” investing is viewed as the main gateway to many young stock traders especially in emerged markets to access the equity and crypto markets.

The company has increasingly gained popularity during the COVID-19, as homebound young people turned to online trading to pass the time and make money.

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Though it’s important in noting that the stock trading app though has not yet officially filed for listing.

The report however failed to give clarity on what option Robinhood might choose to take in going public whether the direct listing or a traditional IPO option.

In addition, the American-based fintech company has lowered the obstacles many retail investors might have as its sets the stage for one of the biggest public debuts of the year.

That being said, all coast seems clear for the green-coloured trading app to file its S-1 with the U.S SEC.
Goldman Sachs, America’s most elite bank is advising Robinhood on this matter.

READ: Number of rich investors buying Bitcoin in 2021 on a record high

However, its recent role at the center of the so-called WallStreetBets has lately attracted a big question mark among leading politicians and regulators.

The U.S SEC had already investigated why Robinhood temporarily suspended a significant number of retail traders from trading GameStop (GME) and a few other stocks at that time amid abnormal gains seen in those assets in the review.


Follow us for Breaking News and Market Intelligence.
Tags: GamestopGoldman SachsNasdaqRobinhoodSECWallstreetbets
Olumide Adesina

Olumide Adesina

Olumide Adesina is a financial market writer, analyst and investment trader. Message Olumide on Twitter @Olumidecapital

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