FILE PHOTO: The Robinhood App is displayed on a screen in this photo illustration January 29, 2021. REUTERS/Brendan McDermid/Illustration/File Photo
(Reuters) -Robinhood Markets Inc on Thursday set the stage for its hotly anticipated IPO as it revealed rapid growth in users of its trading app in a filing, while also flagging a swathe of investigations by prosecutors and regulators.
The company, under scrutiny after this year's trading frenzy for so-called meme stocks such as GameStop, is aiming for an IPO valuation of over $40 billion, Reuters has reported.
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