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Robinhood Opens US IPO Access to UK Retail Investors
Robinhood has rolled out a service that lets British retail investors ask for shares in eligible US initial public offerings before the stocks start trading. People can use their current investment accounts, read the offering documents inside the app and place a request at the IPO price. The company says there are no trading commissions on these requests. It has not said which upcoming US listings will be open to UK customers, and it did not reply to a request for clarification.
Robinhood has rolled out a service that lets British retail investors ask for shares in eligible US initial public offerings before the stocks start trading. People can use their current investment accounts, read the offering documents inside the app and place a request at the IPO price. The company says there are no trading commissions on these requests. It has not said which upcoming US listings will be open to UK customers, and it did not reply to a request for clarification.
Robinhood Track Record and Earnings
The company says it has taken part in more than 50 IPOs since it launched the feature in the US in 2021. The UK launch follows strong third quarter results in October, when Robinhood reported record revenue of $1.42 billion and net income of $476 million.
Robinhood shares closed Friday at $80, up 3.2%, and were trading near $79.50 in premarket action on Monday.
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Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
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About the author
8+ years covering crypto markets, macro, and geopolitics. Previously at Decrypt and CoinDesk. Focused on the intersection of digital assets and traditional finance.
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