NEW YORK, Dec. 20, 2021 /PRNewswire/ -- Bernstein Liebhard LLP announces that a securities class action lawsuit has been filed on behalf of investors who purchased or acquired securities of Robinhood Markets, Inc. ("Robinhood" or the "Company") (NASDAQ: HOOD) in connection with Robinhood's July 30, 2021 initial public offering (the "IPO"). The lawsuit was filed in the United States District Court for the Northern District of California and alleges violations of the Securities Exchange Act of 1933.
If you purchased or otherwise acquired Robinhood securities, and/or would like to discuss your legal rights and options, please visit Robinhood Markets, Inc. Shareholder Class Action Lawsuit or contact Joe Seidman toll free at (877) 779-1414 or [email protected].
Robinhood Markets, Inc. is a financial services company headquartered in Menlo Park, California, known for pioneering commission-free trades of stocks, exchange-traded funds ("ETFs") and cryptocurrencies via a mobile app.
On or about July 30, 2021, Robinhood conducted its IPO, offering 55 million shares of its common stock to the public at a price of $38 per share for anticipated proceeds of over $2 billion.
According to the complaint, the Company's registration statement and prospectus used to effectuate its IPO contained representations that were materially inaccurate, misleading, and/or incomplete. Specifically, Defendants failed to disclose that Robinhood' ..
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