Robinhood Seeks More Bank Credit Ahead of Planned IPO
- Company is in talks with lenders to add to credit lines
- Planned listing expected to be one of 2021’s most watched
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Robinhood Markets Inc. is seeking to boost its bank loans ahead of an initial public offering, according to people familiar with the matter.
The company, which pitches its trading platform to novice investors, has been holding talks with lenders about adding to its revolving credit lines, said the people, who asked to not be identified because the matter isn’t public. It isn’t clear how much the company is seeking.