Factbox: What Robinhood's IPO filing says about the Reddit army

July 2 (Reuters) - The typical soldier in the army of retail traders upending Wall Street is a 31-year old who grabs their smartphone seven times a day to check the assets in their first-ever brokerage account, which may well hold a good chunk of cryptocurrencies in addition to stocks.

Those broad strokes describing retail traders are among the nuggets found in the July 1 filing by online brokerage firm Robinhood Markets, which is aiming for an initial public offering worth over $40 billion. read more

In its filing, the firm includes facts about its more than 18 million customers and describes some of the potential risks of investing in the company, which increased its headcount from 289 in December, 2018 to more than 2,100 in March of this year as retail trading took off.

The detailed breakdown of Robinhood's user base offers a glimpse at the individual traders gathering in online forums such as Reddit’s WallStreetBets, whose activity has helped fuel wild rides in shares of video game retailer GameStop (GME.N), movie theater chain AMC Entertainment Holdings (AMC.N) and a slew of other so-called meme stocks.

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