U.S. Securities and Exchange Commission

Business • Markets
Robinhood files for IPO
Robinhood files for IPO
Credit: Robinhood

Robinhood Inc. – a 2013-founded commission-free investment and trading app – has filed paperwork with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) and plans to go public later this year.

"Robinhood Markets, Inc. has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to take place after the SEC completes its review process, subject to market and other conditions," the company's statement read.

Business • Markets
DigitalOcean files for a $100 million IPO
Digital Ocean logo
Digital Ocean logo Credit: Digital Ocean

DigitalOcean, which offers cloud computing services and web development tools to SMBs, filed on Thursday with the SEC to raise $100 million in an initial public offering. The company has filed to go public on the New York Stock Exchange under the ticker symbol “DOCN.”

Business • Markets
Jeff Bezos sells Amazon stock worth over $3 billion
Jeff Bezos sells Amazon stock worth over $3 billion
Credit: Seattle City Council from Seattle / via Wikimedia Commons

Amazon boss Jeff Bezos sold shares in his company worth more than $3.0 billion this week. This was revealed on Wednesday from mandatory notifications to the US stock exchange supervisory authority SEC. According to SEC data, Bezos has already sold Amazon shares worth more than $10.2 billion this year.

Business • Economy
Telegram to pay fine and return $1.2 billion to investors to settle SEC charges
Pavel Durov, CEO and co-founder of Telegram
Pavel Durov, CEO and co-founder of Telegram Credit: Techcrunch (Creative Commons Attribution 2.0)

Telegram Group has agreed to an $18.5 million civil settlement with the U.S. Securities and Exchange Commission (SEC) and to return $1.2 billion to investors to resolve charges over an unregistered digital token coin offering, the SEC said in a statement on Friday.

In October 2019 the SEC filed a complaint against Telegram alleging the company had raised capital through the sale of 2.9 billion Grams, on its TON (Telegram Open Network) blockchain, to finance its business.

"I want to conclude this post by wishing luck to all those striving for decentralisation, balance and equality in the world. You are fighting the right battle. This battle may well be the most important battle of our generation. We hope that you succeed where we have failed." wrote Pavel Durov, creator of Telegram, announcing the shutdown of its TON blockchain platform.