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The company said in a statement that it had submitted its filing to the U.S. Securities and Exchange Commission and could go public as soon as late in the second quarter. Robinhood's increased popularity during the pandemic has led to scrutiny from politicians and regulators, who are focused on the so-called gamification of trading and the company’s role at the center of the meme-stock frenzy.
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Despite the challenges, Robinhood continue to grow its users and add downloads during the period, according to a JMP Securities research note from late January. The report showed Robinhood added 600,000 users in a single day, more than six times the typical number of new users during the month before the frenzy took hold.
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