Summary List Placement
It’s been a busy November on the IPO prep front, with DoorDash flipping its S-1 last week and Airbnb unveiling its financials on Monday.
Now Robinhood is looking to hire bankers to gear up for an IPO that could happen as soon as the first quarter of 2021, Bloomberg reported on Tuesday.
The zero-commission stock trading app has played a part in upending the traditional discount brokerage model. And it’s soared in popularity during the pandemic — but also left some users frustrated by outages during volatile trading sessions.
If you’re not yet a newsletter subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.
Like the newsletter? Hate the newsletter? Feel free to drop me a line at email@example.com or on Twitter @DanDeFrancesco.
The asset manager of the future looks like a consultant
More than ever, asset management firms are offering advice- and technology-oriented services and positioning themselves as wide-ranging consultants.
“In the past, asset managers had a fairly narrow mandate: manage clients’ portfolios and investments,” said Andrew Schwartz, an analyst with management consultant Oliver Wyman’s financial services division Celent.
But as investors shift to …read more
Source:: Businessinsider – Finance