Robinhood on path to IPO

|By:, SA News Editor

Popular stock-trading platform Robinhood is preparing to go public.

"Not in the immediate term, but it's something we're thinking about very much in the future," CEO Baiju Bhatt told the TechCrunch Disrupt conference.

The zero-fee trading app, which rolled out about three years ago, surpassed rival E-Trade Financial (NASDAQ:ETFC) in May and has a total of 5M brokerage accounts.

Other competitors: AMTD, SCHW, JPM

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