Robinhood might be planning to go public early next year, according to a recent publication by Bloomberg. This trading platform, whose popularity has risen in the past few years, is reportedly seeking advisers in the banking domain to support its Initial Public Offering (IPO) process.

Per the Bloomberg report, Robinhood could go public as soon as Q1 of 2021; sources opted to remain unidentified given this information's private nature. However, they were also keen to highlight that the firm might change this position and abandon the IPO plan altogether.

While Robinhood's official sources are yet to comment, this move might be a game-changer for the trading platform, given its value proposition to novice investors. Robinhood has become a darling to millennials and the tech-savvy Gen-Z, giving them exposure to various previously cumbersome assets to trade.

In fact, it is one of the popular trading platforms with access to crypto-assets and enjoys the backing of tech-focused VC’s such as Sequoia Capital. Other prominent investors that have allocated funds to Robinhood include Index Ventures, Andreessen Horowitz, Ribbit Capital, DST Global, and D1 Capital Partners.

The latest Robinhood valuation is $11.8 billion; this was after the firm raised its series G funding, which totaled $200 million. With the murmurs of an IPO, Robinhood could soon be listed in the U.S stock markets, a move that would expose the firm to more market liquidity.

The post Robinhood in Preparation for a Possible IPO Launch in Q1, 2021; Report first appeared on BitcoinExchangeGuide.

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