Robinhood is extending its US IPO access to UK retail customers, enabling commission-free share requests at the offer price for eligible listings.
Robinhood is extending its US IPO access service to UK retail customers, letting them request shares at the offer price commission-free. This broadens the platform's addressable customer base, but the company did not name which IPOs will be eligible and no revenue or user figures were attached to the launch. The article also notes record Q3 revenue of $1.42 billion and net income of $476 million, but those results were already reported in October and are not new information.
Robinhood has launched a new service allowing UK retail investors to request shares in eligible US IPOs at the offer price before trading begins. The platform, which has participated in over 50 IPOs since 2021, will allow users to review offering documents and request shares commission-free through their existing accounts.
UK customers can now request shares in eligible US IPOs at the offer price through the app before the stocks begin trading, using their existing accounts and without paying trading commissions.
The article gives no revenue or growth numbers for the new service, so its direct effect on the share price is unclear; the stock was quoted at $80.91 at Friday's close and $79.50 in Monday premarket trading.