Robinhood's Planned IPO Faces Delays From SEC Over Crypto Business: Report

The goal now is to list next month ahead of the July 4 holiday weekend.

AccessTimeIconJun 25, 2021 at 1:29 a.m. UTC
Updated Sep 14, 2021 at 1:16 p.m. UTC

Robinhood Markets LLC's planned initial public offering (IPO) is reportedly facing delays in its bid to go public because of its growing cryptocurrency business.

  • A report by Bloomberg on Thursday cites several people close to the matter who say the U.S. Securities and Exchange Commission have slowed plans for the stock trading app maker's IPO.
  • Robinhood had been aiming for a June listing after initially filing in March. The goal now is to list next month ahead of the July 4 holiday weekend.
  • Yet, the timing could once again fall short and may slip into the autumn, according to the report, which cited a source wishing to remain anonymous because the matter was private.
  • Robinhood has faced scrutiny from regulators this year who allege the site encourages the game-like nature of trading, especially when it comes to inexperienced retail traders.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.