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Robinhood is planning to go public — here’s what we know

Popular stock trading app Robinhood is going public, the company said last night. While the firm has submitted documents for an initial public offering (IPO), it hasn’t determined the number of shares, proposed price range, or even a date for going public just yet. The company has filed for IPO under confidentiality, which allows it to keep some information under wraps. Analysts suggest that the firm is currently valued at $12 billion, and the IPO could push its valuation to over $20 billion. Last year, CNBC reported that the company had hired Goldman Sachs to lead its efforts of going public.…

This story continues at The Next Web

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