Robinhood opens US IPO access to UK investors
By Brie CarterKey points
- Robinhood has launched IPO Access in the UK, allowing retail investors to request shares in eligible US initial public offerings.
- The service gives eligible customers access to IPO shares at the official offer price before public trading begins.
- The launch expands Robinhood’s UK investment offering and connects retail investors with the US IPO market.
Robinhood Markets Inc (NASDAQ:HOOD) has launched commission-free UK access to eligible US IPO shares before public trading.
The service lets customers request shares at official offer prices, previously difficult for ordinary investors to access.
“The launch of IPO Access in the US levelled the playing field for retail investors, growing participation from everyday investors from a peripheral presence to a central force,” according to Jordan Sinclair, President of Robinhood UK.
Robinhood partnered with a UK Public Offer Platform provider to facilitate access to eligible US listings.
Customers can review prospectuses, submit allocation requests and access SEC filings directly through each listing’s app page.
Robinhood introduced IPO Access in the US in 2021 and has since worked on more than 50 IPOs.
The US service has provided IPO participation opportunities to millions of customers, establishing the model for its UK expansion.
Following the announcement, Robinhood shares were up 3% at $83.34.
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