Following a confidential initial public offering (IPO) filing in March, Robinhood, the commission-free investing platform, publicly filed for its IPO with the SEC on July 1. The company will be listed on NASDAQ under the ticker HOOD and expects to raise $100 million in its debut onto the public markets.

This is one of the most highly anticipated IPOs to date, following the attention the company attracted at the beginning of the year after a group of retail investors used the platform in an attempt to take down some of Wall Street's top hedge funds, by investing in GameStop (GME). The saga resulted in a further $2.4 billion investment for the company, taking total funding to date to $5.6 billion.

Goldman Sachs has reportedly been hired as the underwriter to lead the Robinhood IPO.

With so much noise around the company, it can be a little difficult to understand whether this is actually a good investment opportunity. Read on for our analysis.