US-based investment firm Robinhood applied to the United States Securities and Exchange Commission (SEC) to go public.
Although Robinhood has not specified when the IPO will take place, it has confirmed that the IPO will continue after the review process is complete, subject to SEC, market and other conditions.
The value of the trading platform is calculated at $ 11 billion.
The company previously announced that it chose Nasdaq for public offering.
Recently, small investors from the USA prefer applications such as Robinhood due to the transactions without commission.
Speculative bets made by small investors on social media applications such as Reddit caused the balances to change in the US stock markets.
Applications such as Robinhood had an effect on the over 300 percent increase in shares such as GameStop.