Inside Robinhood's IPO filing

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

• Robinhood's IPO paperwork is public. We broke down everything from its risk factors, to its reliance on Dogecoin trading and how much it spends to get new customers.
• Branch banking is rapidly evolving. Executives overseeing more than 24,000 locations at top US banks share their predictions for the future.
• An elderly couple is suing JPMorgan over claims they were pressured into risky investments.

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Inside Robinhood's IPO filing

Robinhood's paperwork for its highly anticipated IPO was published Thursday.

Here's everything you need to know:

• Robinhood warns that a Dogecoin crash, 'limited operating experience,' and any new regulations could hurt its stock price

• Robinhood slashed how much it spends to nab each new customer. Here's how it did it.

• Robinhood's IPO filing reveals the US Attorney's Office executed a search warrant for CEO Vlad Tenev's cell phone

• Robinhood has filed for an IPO. Read its cofounders' letter to future investors.

• Robinhood says dogecoin accounted for 34% of its crypto-trading revenue in the 1st quarter, and lists declining interest in the meme token as a risk in its highly anticipated IPO filing

• Retail traders were outraged when Robinhood restricted trading in memes stocks, but the company's IPO filing shows active users still grew by 6 million in the 1st quarter

• Robinhood is reserving up to 35% of shares in its IPO for its own users. Here's how the fintech is trying to disrupt a market dominated by Wall Street's elite.

• Robinhood settled with FINRA and the SEC, but still faces legal risks as it prepares to IPO. Here are 14 lawyers it's hired for help.

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These 10 execs will determine the future of branches at the biggest US banks. Here's how they're thinking about more than 24,000 locations.

Executives at the top US banks - including JPMorgan Chase, Citi, and Wells Fargo - share their thoughts on the future of branch banking.

Click here to read the entire story.

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An elderly couple is suing JPMorgan for $20 million over claims they were misled on risky investments

The Doelgers say JPMorgan and investment manager Chickasaw Capital Management, which specializes in master limited partnership investments, pushed them to make complex investments without adequately explaining the risks involved. Learn more about the suit here.

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Plaid is hiring like crazy and investing big in a new portal giving consumers control of their financial data

Plaid's consumer privacy group is one of the fastest growing teams at the company. Here's a look at their its plans.

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KKR wants its New York staff back in office this month. The return comes as the private-equity giant unveils a wealth of new deals.

The private-equity firm expects New York staff to be vaccinated before returning to the office. Here's what we know.

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Rich snowbirds want to make their pandemic moves permanent and lower their tax bills. A family office director walks through the process of establishing a new residence.

Clarfeld's Donna Cuiffo says it takes a lot more than spending more than half a year in a new abode. Here's her advice.

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Tiger Global just netted $1 billion on a ride-hailing app bet. Here are 6 other startups in the $65 billion hedge fund's portfolio that plan to go public this year.

The company has taken part in at least 165 startup financings in 2021, according to PitchBook. Here's a list of startups it's invested in that plan to go public soon.

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Bank branches aren't dead, but building redesigns and employee upskilling means they've changed forever

Redesigned locations that look more like an Apple store than a bank. Welcome to the future bank branch.

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Odd lots:

LegalZoom surged 39% after making its trading debut. Here's what you need to know about the legal tech company. (Insider)

TPG Is Evaluating a Public Listing (WSJ)

Republicans Ask Federal Retirement Plan for Details on BlackRock, State Street's Votes (WSJ)

Banker's Portrait of Racism at HSBC Prompts an Internal Probe (Bloomberg)