CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

Robinhood opens access to US IPOs for UK retail investors

Cointelegraph logo

Published on

Add as a preferred source on Google
Robinhood opens access to US IPOs for UK retail investors

Written by Helen Partz staff writer Edited by Yohan Yun staff editor

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.

Cointelegraph asked Robinhood for clarification but did not receive a response by publication.

The expansion follows Robinhood’s third-quarter earnings report in October, when the company reported record revenue of $1.42 billion and net income of $476 million.

Robinhood shares (HOOD) closed at $80.91 on Friday, gaining 3.2%, according to Yahoo Finance. The stock traded at $79.50 in premarket trading on Monday.

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

Binance France emails announce closure of its users’ accounts on Dec. 31

Binance France emails announce closure of its users’ accounts on Dec. 31

BTC price eyes $73K amid Nvidia volatility: Three things to know in Bitcoin this week



Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.