Delay In IPO At Robinhood Platform Due to Inquiry By SEC

The team of Robinhood Platform have hope that their business in IPO services will start soon because SEC enquiries are about to end.

Ongoing enquiries regarding Robinhood Platform seems to be a very tough situation for Robinhood to start their news services in IPO but here at this end they have some hope to get relief and start their IPO by 7 July.

Robinhood is a trading platform for stocks and also for Cryptocurrency. And now they are trying to expand their business to integrate IPO services of Stock market to Cryptocurrency Market. That means they are making the Cryptocurrency market better than the stock market.

A Bloomberg report on Thursday over the case of SEC inquiry on Robinhood reported that the United States Securities and Exchange Commission is asking many questions about the business of Robinhood Platform in a more transparent way, so that they can understand if there is any fault in the business operation by Robinhood if any.

And this is resulting in delay for new things to be implemented by the Robinhood team.

We can see that since March 2021, Robinhood company is trying their best to serve their service by providing numbers of crypto trade pairs.

Many anonymous sources report indicating that to start IPO services at Robinhood will take time after autumn. 

The plan to launch the IPO option was scheduled for June but later it was postponed to one month by the team due to these enquiries issues.

Many reports are indicating that the date of IPO is not fixed because even in the present time SEC is doing all enquiries about the market and risks associated with it and the registration permission to start their IPO.

So probably it also indicates that Robinhood team will face more time then what they expected to launch IPO services.