Citadel Securities, which became a household name in 2021due to its role in the saga surrounding Gamestop, Robinhood, and the “memestock” frenzy, recently received its first outside investment from venturecapital firm Sequoia Capital and crypto-focused firm Paradigm. The two entities made a $1.15B minorityinvestment in Ken Griffin’s Citadel, valuing the financial behemoth at nearly$22 billion. Last year, Citadel insistedit did not force Robinhood to restrict or limit trading on the aforementioned“meme stocks” at the height of the trading flurry in January 2021.
Source: Reuters