Robinhood (HOOD) Stock Is in a “Food Fight” Over Anthropic IPO Access
Photo: CoinCentral
TLDR Robinhood (HOOD) stock was down 0.05% as the brokerage fights for Anthropic IPO access. CFO Shiv Verma wants retail to get a bigger slice of the offering. Issuers and their banks, not Robinhood, decide the retail split. Anthropic reported Q3 revenue of $16.8 billion and about $895 billion in committed spending. The IPO is slated to happen before the US Thanksgiving holiday. Robinhood Markets (HOOD) stock edged down 0.05% as the brokerage competes for a spot in Anthropic’s IPO. Chief Financial Officer Shiv Verma spoke about it Monday on Bloomberg Television.
Source: CoinCentral
