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Robinhood’s IPO Plans Slowed By SEC Review

  • Trading app had been seeking to go public this month
  • Customers can trade virtual currencies like Bitcoin, Dogecoin
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SEC Has a Lot of Questions About Robinhood's IPO Prospectus
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Robinhood Markets Inc., which had sought to go public this month, has seen its listing plans slowed in recent weeks by a back-and-forth with regulators over its prospectus, according to people familiar with the matter.

Robinhood’s growing cryptocurrency business, which was rolled out in 2018 and now allows customers to trade Bitcoin, Ethereum and even Dogecoin, has drawn questions from the U.S. Securities and Exchange Commission, one of the people said, asking not to be identified because the matter is private.