Monday, April 19, 2021
Ellis News
No Result
View All Result
  • Home
  • News
  • Global
  • Politics
  • Defense
  • Business
  • Health
  • Finance
  • Sports
  • Entertainment
  • Technology
  • Lifestyle
  • Travel
  • Home
  • News
  • Global
  • Politics
  • Defense
  • Business
  • Health
  • Finance
  • Sports
  • Entertainment
  • Technology
  • Lifestyle
  • Travel
No Result
View All Result
Ellis News
No Result
View All Result
Home Business

Robinhood IPO: Robinhood seeks more bank credit ahead of planned IPO

ellisnews1@gmail.com by ellisnews1@gmail.com
April 8, 2021
in Business
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


By Matthew Monks and Michelle F. Davis


Robinhood Markets Inc. is looking for to spice up its financial institution loans forward of an preliminary public providing, in line with individuals accustomed to the matter.

The corporate, which pitches its buying and selling platform to novice buyers, has been holding talks with lenders about including to its revolving credit score traces, stated the individuals, who requested to not be recognized as a result of the matter isn’t public. It isn’t clear how a lot the corporate is looking for.

RELATED POSTS

Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates April 19

Delek replaces auditors EY with Deloitte

Firms typically safe a credit score line earlier than going public and it will ensure Robinhood has a powerful capital and liquidity place, one of many individuals stated.

The transfer would come a number of months after the agency raised debt and $3.4 billion in fairness to adjust to a margin name from the business’s clearinghouse, a consequence of untamed swings in shares together with online game retailer GameStop Corp.

A consultant for Menlo Park, California-based Robinhood declined to remark.

The corporate’s credit score traces embrace a $600 million revolver from banks together with JPMorgan Chase & Co., Goldman Sachs Group Inc. and Morgan Stanley, in line with information compiled by Bloomberg.

Robinhood stated final month that it had filed confidentially for what may very well be one of the vital intently watched IPOs of the 12 months.

Whereas the corporate’s easy-to-use buying and selling app turned immensely widespread with younger individuals throughout the pandemic, it has drawn scrutiny from regulators and politicians for its position within the so-called meme-stock frenzy that included GameStop.



Source link

ShareTweetPin
ellisnews1@gmail.com

ellisnews1@gmail.com

Related Posts

Share Market Today LIVE | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market News Updates April 19

by ellisnews1@gmail.com
April 19, 2021
0

India VIX surged on Monday morning. (Picture: REUTERS)Share Market Information Immediately | Sensex, Nifty, Share Costs LIVE: Home fairness...

Delek replaces auditors EY with Deloitte

by ellisnews1@gmail.com
April 19, 2021
0

Delek Group Ltd. (TASE: DLEKG), managed by Yitzhak Tshuva, final week unexpectedly introduced that it's changing its auditors...

Insurance: Irdai cracks down on misleading ads

by ellisnews1@gmail.com
April 18, 2021
0

Nevertheless, an insurance coverage agent is not going to must take written approval of the corporate if the commercials...

Bitcoin plummets as much as 15% just days after hitting record high

by ellisnews1@gmail.com
April 18, 2021
0

Bitcoin dropped as a lot as 15% late Saturday, its largest intraday drop since February, simply days after hitting...

How the tiny kingdom of Bhutan out-vaccinated most of the world

by ellisnews1@gmail.com
April 18, 2021
0

The Lunana space of Bhutan is distant even by the requirements of an remoted Himalayan kingdom: It covers an...

Next Post

Amazon union drive in Alabama sees 55% voter turnout

Beyond Meat opens its first production plant in China – TechCrunch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

A Quiet Arms Race Is Rapidly Heating Up Between the Two Koreas

April 19, 2021

Stocks Mixed After U.S. Records; Bond Yields Dip: Markets Wrap

April 19, 2021

Warning: Illegal string offset 'response' in /home/customer/www/ellisnews.com/public_html/wp-content/themes/jnews/class/Widget/Normal/Element/SocialCounterWidget.php on line 658

Warning: Illegal string offset 'code' in /home/customer/www/ellisnews.com/public_html/wp-content/themes/jnews/class/Widget/Normal/Element/SocialCounterWidget.php on line 658
  • 22.1M Fans
  • 85 Followers
  • 113k Subscribers
  • 657 Followers
  • 23k Followers

MOST VIEWED

  • Rite Aid COVID Vaccine Registration Details and How to Book an Appointment

    0 shares
    Share 0 Tweet 0
  • Where to buy PS5: Meijer adds PS5 stock, and when does Walmart restock?

    0 shares
    Share 0 Tweet 0
  • Newsmax Reports Fox News Exodus So Massive, They’ve Now Hired a “Crisis Management” Team to Stop the Hemorrhaging

    0 shares
    Share 0 Tweet 0
  • TCL P615 4K UHD TV review: Good smart TV experience on tight budget

    0 shares
    Share 0 Tweet 0
  • 25,000 National Guard members will protect the US Capitol. Why so many?

    0 shares
    Share 0 Tweet 0
Ellis News

Get the latest news and follow the coverage of breaking news, local news, national, politics, and more from the world's top trusted sources.

CATEGORY

  • Business
  • Defense
  • Entertainment
  • Finance
  • Global
  • Health
  • Lifestyle
  • News
  • Politics
  • Sports
  • Technology
  • Travel
  • Uncategorized

Recent News

A Quiet Arms Race Is Rapidly Heating Up Between the Two Koreas

April 19, 2021

Stocks Mixed After U.S. Records; Bond Yields Dip: Markets Wrap

April 19, 2021
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2020 Ellis News.

No Result
View All Result
  • Home
  • News
  • Global
  • Politics
  • Defense
  • Business
  • Health
  • Finance
  • Sports
  • Entertainment
  • Technology
  • Lifestyle
  • Travel

Copyright © 2020 Ellis News.