Trading app Robinhood Markets has filed confidentially for an initial public offering with the Securities and Exchange Commission (SEC).
The company — which has been in the spotlight as retail investors fueled a buying boom in the markets this year — decided to proceed with its IPO, though its listing plans could change, Bloomberg reported, citing people familiar with the matter.1 The company was reportedly valued at $12 billion in Sept. 2020, with that figure rising to about $40 billion last month.2 Read more…..
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“Mad Money” host Jim Cramer said the stock market has reached a point where investors “typically tend to throw up their hands and give up on the entire asset class.”
