New York (CNN Business) It's hard to imagine a more disastrous IPO rollout than the past few months for Robinhood. The controversy swirling around Robinhood is a textbook example of the type of attention startups seek to avoid before launching an IPO. "The Robinhood IPO process is underway," Kathleen Smith, principal at Renaissance Capital, wrote in an email. Smith, whose firm runs an ETF focused exclusively on the US IPO market, predicted "strong interest" among investors and an ultimately "successful IPO" for Robinhood. But she warned that obstacles, including regulatory scrutiny over Robinhood's business model, "may cause investors to put a haircut on its valuation."

Source: CNN March 19, 2021 10:30 UTC