Could Robinhood's IPO push cryptocurrencies further towards mainstream acceptance?

Robinhood intends to go public in July 2021

clock • 5 min read

As online trading platform Robinhood gears up to launch its IPO, could we see it go one step further than Coinbase in igniting fresh retail investor interest in the world of cryptocurrencies?

Robinhood is intending to go public in July 2021, as plans for a June initial public offering slipped by the wayside. According to Yahoo! reports, the company is intending to time its IPO to suit people returning from July 4 holiday travel in the US.  Although the trading app's SEC filing is yet to be made public, parallels are already being drawn between the platform and Coinbase's public launch in April 2021.  The arrival of Coinbase onto the Nasdaq was set to be a watershed moment for the world of crypto, with widespread hope that the listing would bring a new level of legitimacy t...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Specialist

Deep Dive: Thematics offer diversification but investors must consider bond sensitivity

Deep Dive: Thematics offer diversification but investors must consider bond sensitivity

‘Dedicated specialists’

James Baxter-Derrington
clock 06 April 2023 • 4 min read
European private equity yet to spend €270bn worth of capital

European private equity yet to spend €270bn worth of capital

Deployment of capital expected

Kathleen Gallagher
clock 04 January 2023 • 1 min read
Early-stage biopharma: An opportunity for strategic investment

Early-stage biopharma: An opportunity for strategic investment

Disproportionately smaller investment

Ali H. Munawar
clock 10 August 2022 • 4 min read
Trustpilot