Robinhood files IPO!
Robinhood has 18 million accounts managing $80 billion after rapid one-year growth, IPO filing shows https://www.cnbc.com/2021/07/01/robinhood-has-18-million-accounts-managing-80-billion-after-rapid-one-year-growth-ipo-filing-shows.html
Guesses on when IPO will be?
It will tank after going public. They don't have an USP unlike other tech cos which went public
โThe brokerage lost $1.4 billion in the first quarter of 2021 tied to emergency fundraising-related losses during Januaryโs GameStop trading mania.โ If enough people go full tard on RH at the same time, company could actually blow up lmao. Iโm counting on the ๐ฆ at WSB. Iron condors and infinite margin ๐๐๐
You should think harder about that info: "Revenue was $420 million in the first three months of the year, a greater-than-fourfold jump from $96 million a year earlier. It lost $1.4 billion during that period, far wider than a loss of $53 million a year ago. The company attributed the loss to $3.5 billion in debt that it raised in February." Do the math, you'll see that their business is going bonkers. If you want to short it HMU I'll personally take that bet. There's no way this IPO isn't going to go insanely well.
What valuation do you think it will hit when IPO?
Ok, another meme stock.