A mobile application for trading assets Robinhood is looking for a financial Director for the organization of initial public offering (IPO). This was stated by the head of Baiju Bhatt (Baiju Bhatt) at the conference TechCrunch last Thursday.
The CEO by far has confirmed plans for Robinhood to enter the level of joint-stock company and was told that that is why looking for person for the position of financial Director, which could lead the public sale of the shares.
“I think that plans to become a public company in good agreement with our mission,” said Bhatt. — “That’s it just will not happen soon, but we’re thinking of the solution to the problem”.
At the beginning of the current year in the service Robinhood new feature of cryptocurrency trading with zero commissions. In may, the company launched a round of series D financing, which raised $363 million. According to the CEO of the platform, the collected funds will be used to expand the cryptocurrency of the company’s activities on the whole territory of the United States: at the time of launch investment round option cryptotrading was available only to residents of 10 States.
According to Bhatt, the company has already started the process of obtaining the necessary licenses, and at the moment, the U.S. financial regulators, including the Commission on securities and exchange Commission (SEC) and regulatory authority of the financial services industry, check the level of security Robinhood, as well as their financial performance.
Currently, Robinhood trades in Bitcoin, Ethereum, Ethereum Classic, Bitcoin, Cash, Litecoin, and Dogecoin. The option is already available in 17 States. As representatives of the company, the service used about 5 million people.
