Robinhood launches zero-commission IPO Access in the UK, allowing users to subscribe to US new stocks at the issue price.

November 9 - According to an announcement on Robinhood's official website, Robinhood today launched its IPO Access service in the UK, charging no commission. For the first time, UK users can apply to subscribe for eligible U.S. newly listed company stocks at the official offering price before public trading begins.

Robinhood stated that the UK retail investor base is mature and active, but IPO subscription opportunities were previously often available only to high-net-worth individuals and large institutions. The company will partner with a UK public offering platform service provider to open primary market subscription channels for qualified IPOs to UK retail clients, unlike traditional platforms that charge transaction fees or restrict allocations to institutions and high-net-worth clients.

Robinhood first launched IPO Access in the U.S. in 2021 and has since participated in more than 50 IPOs, opening subscriptions to millions of U.S. users. Jordan Sinclair, President of Robinhood UK, said he hopes UK retail investors can also have equal access to participate in a new generation of innovative listed companies. Users can apply for and track IPO allocations in a regular investment account and submit applications after reviewing prospectuses and U.S. Securities and Exchange Commission filings on the App's asset details page. Robinhood also reminded that investing in IPOs involves significant risks, and share prices may be highly volatile in the early stages of listing.