Robinhood Markets seeks up to $35 billion valuation in mega US IPO

Robinhood Markets Inc. is targeting a valuation of up to $35 billion in its initial public offering (IPO) in the US, the company revealed in a filing on Monday, setting the stage for one of the highly anticipated stock market listings of the year.

The listing plans come just months after the online brokerage found itself at the center of a confrontation between a new generation of retail investors and Wall Street hedge funds in late January.