Robinhood Opens U.S. IPO Access to UK Retail Investors

Robinhood has opened access to eligible US initial public offerings (IPOs) for UK retail investors, allowing customers to request shares before trading begins. According to Cointelegraph, customers can use their existing Robinhood investment accounts to review offering documents in the app and request shares at the IPO price without paying trading commissions. The service does not guarantee that investors will receive the shares they request, and Robinhood has not identified which upcoming US IPOs will be available to UK customers. The company said it has participated in more than 50 IPOs since introducing the service in the US in 2021. Robinhood’s UK expansion follows its third-quarter earnings report in October, when it posted record revenue of $1.42 billion and net income of $476 million. Robinhood shares, traded under the ticker HOOD, closed at $80.91 on Friday, up 3.2%, according to Yahoo Finance. The stock was trading at $79.50 in premarket trading on Monday. Cointelegraph sought clarification from Robinhood about the UK offering, but the company had not responded by publication.