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Who's going to buy Robinhood stock after an IPO?

There's no word yet on when the IPO would happen, but Robinhood has filed the confidential plan to go public later this year.
If buying stock on Robinhood is free, how does the company make its money?
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$3.4 billion in new investments will help Robinhood loosen limits for now

Feb 2, 2021
Robinhood needed that new investment "because of the antiquated nature of how we settle stock trades," one finance professor says.
This photo illustration shows the logo of trading application Robinhood on a mobile phone in Arlington, Virginia on January 28, 2021.
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GameStop shares back up after Robinhood relaxes restrictions

After shares of the video game retailer closed down 44% Thursday, they were up about 80% at market open Friday.
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Robinhood slapped with two separate regulatory complaints

Dec 18, 2020
Massachusetts regulators say the brokerage app Robinhood makes it too easy for inexperienced traders to buy risky options.
A number of lawmakers are calling for regulation of apps like Robinhood, including Rep. Ro Khanna. "Technology is not sufficient without proper regulations," he says.
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