Robinhood’s IPO could be delayed because of its quickly growing crypto business. Allegedly, the SEC have slowed down plans for the IPO. The aim had been to complete it by June, but now it might not occur until July.
It could even be stretched out as far as the fall. Robinhood has landed in hot water recently after encouraging its users to capitalise on the game-like nature of its trading rules, allowing for trading novices to take shortcuts.