![(FILES) In this file photo illustration taken on January 28, 2021, shows the logos of video grame retail store GameStop and trading application Robinhood in a computer and on a mobile phone in Arlington, Virginia. Key players involved in the trading frenzy centered on GameStop shares told skeptical US lawmakers on February 18, 2021 that their actions were above board and in line with ordinary stockmarket business. Founders of free stock-trading app Robinhood and online forum Reddit were among those to testify at a House of Representatives financial services committee hearing.
/ AFP / Olivier DOULIERY](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/GBPPXI4NOOHCK7OSBDYB7UMG2A.jpg?smart=true&auth=be7efee84d7a85da8d6f1cc8fcf5357f8a322f7c11043839d8775dcd106343a0&width=400&height=225)
Robinhood exploded in popularity during the pandemic as homebound young people turned to its trading app to make money. AFP
Robinhood exploded in popularity during the pandemic as homebound young people turned to its trading app to make money. AFP
Trading app Robinhood plans confidential IPO this year
The company, which was valued at $11.7bn in a funding round last year, raised financing that will convert to equity in an IPO
Bloomberg
27 February, 2021