The company’s net sales and profit rose sharply last year.
For trading Robinhood Markets, known for its developed application, is applying for listing on the Nasdaq technology exchange in the United States, news agency AFP reports.
The app has been very popular, especially among young investors, and its use has grown really sharply during a coronavirus pandemic.
The popularity of Robinhood has been fueled, among other things, by restrictions imposed by the pandemic, which have kept people at home for long periods of time. The big stimulus packages in the US have also been able to increase people’s investment.
The company net sales increased by 245 percent last year, to more than 809 million euros. The company forged an operating profit of nearly six million in 2020.
The company received fines of nearly 60 million euros earlier this week, according to news agency Reuters, among other things for reporting false and misleading information about its operations.
Read more: Three friends invested almost all of their savings through Robinhood, and that’s how risk-taking ended: “I want to vomit”
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source https://pledgetimes.com/companies-robinhood-is-applying-for-listing-on-the-stock-exchange-in-the-united-states/
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