Robinhood opens access to US IPOs for UK retail investors
Robinhood’s UK customers can request shares in eligible US initial public offerings at the offer price before the stocks begin trading.
Robinhood has launched a service that lets UK retail investors request shares in eligible US initial public offerings (IPOs) before trading begins.
Customers can use their existing investment accounts to review offering documents in the app and request shares at the IPO price without paying trading commissions, Robinhood said Monday.
Robinhood said it has participated in more than 50 IPOs since launching the service in the US in 2021. The company did not identify which upcoming US IPOs would be available to UK investors.