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Robinhood IPO Delayed Due to SEC Scrutiny

By
Kate Clark
· · Source: Bloomberg

Robinhood, the commission-free stock trading app last valued at over $11 billion, planned to go public this month. That’s not going to happen. The company is facing heightened scrutiny from the U.S. Securities and Exchange Commission over its IPO prospectus, Bloomberg reports . The Menlo Park-based company’s cryptocurrency business, in particular, has been called into question by regulators....

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