The Cyberspace Administration of China (CAC) — the country’s powerful internet watchdog — this weekend proposed that any company with data on more than one million users must seek the agency’s approval before listing its shares overseas. It also proposed companies must submit IPO materials to the agency for review […]
disastrous
Robinhood files confidentially for IPO despite disastrous start to 2021
The confidential IPO filing suggests that Robinhood plans to capitalize on the flurry of retail trading that the startup helped set off with its zero-commission business model. Robinhood has selected Nasdaq to list its shares on, a separate source familiar with the matter told CNN Business. News of the confidential […]