Robinhood IPO Said to Be Slowed by SEC Review Including Crypto

Robinhood Markets Inc., which had sought to go public this month, has seen its listing plans slowed in recent weeks by a back-and-forth with regulators over its prospectus, according to people familiar with the matter.

Robinhood’s growing cryptocurrency business, which was rolled out in 2018 and now allows customers to trade Bitcoin, Ethereum and even Dogecoin, has drawn questions from the U.S. Securities and Exchange Commission, one of the people said, asking not to be identified because the matter is private.

While a listing might come this summer, the popular trading app’s plans could also slip into the fall, ...