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Robinhood’s Plans To Go Public Is Once Again In Limbo Popular cryptocurrency trading and payments services provider, US-based finance company Robinhood has said that their plans to go public is once again in limbo. The problem is that they haven’t been able to fix all of it with regulators as the US SEC has issues with the company’s prospectus. A report from Bloomberg claims that the company is “facing scrutiny by the US Securities and Exchange Commission (SEC).” It is all related to Robinhood’s crypto services. The company officials have confirmed that they would be going public as soon as they get a green signal from the SEC once the scrutiny is over. The company had been planning to go public in June this year but then they postponed their plan to July. Urging members to not sell the shares within one month of IPO, the company in a statement published on its website said: “We won't prevent you from selling shares you get through the IPO Access program. However, if you sell IPO shares within 30 days of the IPO, it's considered "flipping" and you'll be restricted from participating in IPOs for 60 days.” Robinhood added support for cryptocurrencies in 2018 and has become a popular platform for first-time investors. Recently, it was also embroiled in a controversy. Earlier this year, Coinbase, the world’s biggest cryptocurrency exchange, went public after getting a go-ahead from the US SEC.

Robinhood’s Plans To Go Public Is Once Again In Limbo

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Binance To Launch Its NFT Marketplace Today

Binance To Launch Its NFT Marketplace Today

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FTX Crypto Exchange Is Now Official Sponsor Of US MLB

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Market Update: Bitcoin’s In Reverse Gear, Big Bosses Start Selling

Market Update: Bitcoin’s In Reverse Gear, Big Bosses Start Selling

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India’s Enforcement Directorate (ED) Issues Notice To The Country's Biggest Crypto Exchange Over Allegations Of Money Laundering

India’s Enforcement Directorate (ED) Issues Notice To The Country’s Biggest Crypto...

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San Jose Sharks Become The First NHL Team To Accept Cryptocurrencies

San Jose Sharks Become The First NHL Team To Accept Cryptocurrencies

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Can Kraken Manage To Pull Coinbase Customers With Its New Mobile App?

Can Kraken Manage To Pull Coinbase Customers With Its New Mobile...

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Craze For NFTs Is Fading, Sales Figures Reveal

Craze For NFTs Is Fading, Sales Figures Reveal

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Shiba Inu Gains 10% In 24 Hours, Will It Be The Next DOGE?

Shiba Inu Gains 10% In 24 Hours, Will It Be The...

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