Robinhood launches US IPO subscription service for UK retail investors

Odaily reports: Financial services platform Robinhood has launched a US IPO subscription service for UK retail investors.

Robinhood has introduced a US IPO subscription service for UK retail investors, allowing eligible investors to apply to subscribe at the offering price before the stock begins trading. Clients can use their existing investment accounts to view offering documents within the app and pay no trading commissions.

Robinhood said that since launching the service in the US in 2021, it has participated in more than 50 IPOs; the company did not specify which upcoming US IPOs will be open to UK investors. (Cointelegraph)