Robinhood clinches $32 billion IPO ahead of Nasdaq debut

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Robinhood clinches $32 billion IPO ahead of Nasdaq debut

The majority of Robinhood’s revenues are transaction-based, allowing customers to make trades with zero upfront commission payment. Such “payment for order flow” practices have “drawn heightened scrutiny from the U.S. Congress, the SEC, state regulators, and other regulatory and legislative authorities,” Robinhood said in its prospectus.



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