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September 01, 2020 1:28pm
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Robinhood Lowers Valuation in New SEC Filing as It Seeks IPO

According to an amended SEC filing on Monday, popular trading app Robinhood is now seeking a market valuation of up to $35 billion in its forthcoming and highly anticipated initial public offering. This is down from the estimated $40 billion, and driven by slowing crypto trading. The company will...
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