Robinhood seeks $35bn valuation as US broker taps frenzy around Gamestop and Reddit          

Robinhood caught on during the coronavirus pandemic as homebound young people turned to online trading to pass the time and make money. File picture

Robinhood Markets is seeking a valuation of $35bn (€30bn) in its initial public offering, just short of the highest analyst projections, as the free trading app advances toward a debut likely to draw in buyers from its own novice investor base.

The company was at the centre of this year’s meme US stock frenzy that involved, among others, Reddit and Gamestop.