Replies to post #58730 on LEE KRAMER'S ROOM: With Views

[ergo sum]

The firm has also tapped a credit line so that it has funds to ensure trading continuity when it lifts the rules.

The latest funding comes at a crucial time for Robinhood, which is also preparing for a high-profile initial public offering this year. Recent developments raise questions on whether the company will push forward with those plans.

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Reuters was first to report in December here that Robinhood had picked Goldman Sachs Group Inc to lead preparations for the IPO, which could come this year and value it at more than $20 billion.

In an interview with CNBC on Thursday, Robinhood founder Vlad Tenev declined to comment on the IPO plans and said ... “will only say Robinhood is well capitalized and have a great growth opportunity ahead of us.”

Robinhood’s fee-free and simple-to-use app has made it popular with a new generation of small-time traders and its restrictions on Thursday drew a heavy backlash from high-profile politicians and celebrities.
https://www.reuters.com/article/us-retail-trading-robinhood-idUSKBN29X2ZN
Reporting by Anirban Sen, Munsif Vengattil and Juby Babu in Bengaluru; Editing by Bernard Orr

[fuagf]

That puts paid to conspiracy theories around Robinhood. Good one.