Robinhood Beats Investor Suit Over $2.1B IPO For Good

[Gunnar Larson]

Robinhood Beats Investor Suit Over $2.1B IPO For Good
<https://www.law360.com/fintech/articles/1790048?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-01-26&read_main=1&nlsidx=0&nlaidx=1>

By Aislinn Keely

A California federal judge has permanently tossed an investor suit
against Robinhood Markets Inc. over its $2.1 billion initial public
offering, finding that the latest complaint wasn't enough to show the
exchange failed to inform investors about the extent to which the trading
of cryptocurrency and "meme stocks" fueled the firm's strong financials
ahead of its stock market debut.

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