Robinhood reportedly seeking advisers for possible IPO in early 2021

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Robinhood’s investment app is popular with younger investors.

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Robinhood Markets Inc. is seeking banking advisers for a potential initial public offering as soon as the first quarter of 2021, Bloomberg News reported Tuesday.

Bloomberg said the brokerage-app company is still mulling its options and may not opt for an IPO when all is said and done. Robinhood did not comment on the report.

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