Robinhood Markets (NASDAQ: HOOD), the zero-commission investment app that has revolutionized the brokerage industry, has filed for an initial public offering (IPO). The IPO is set to be one of the most anticipated offerings of the year, given how the company has drawn in millions of retail investors. The company said it hopes to raise $100 million from the IPO, but that number will likely change as it is often used as a placeholder value in the filings. Nevertheless, the prospectus is the first honest look that investors have been able to have into the company’s finances. In this article, we will discuss the key numbers from the prospectus and whether or not you should invest in the business.
