Robinhood Extends U.S. IPO Access to Eligible U.K. Customers

Robinhood has expanded IPO Access to eligible U.K. customers, who can seek an allocation in U.S. IPOs at the set offer price before regular trading begins.

The offering price is set before shares begin trading publicly. A customer’s request signals interest in an IPO, but it is nonbinding and does not ensure that shares will be allocated.

Robinhood routes customer requests through its relationships with underwriting banks. When demand for an offering exceeds the available shares, allocations may be made randomly or through methods based on demand. Customers may receive a partial allocation or no shares.

Customers do not need to meet an account threshold to submit a request, and there is no minimum purchase size if shares are allocated. Some account types, including retirement accounts, may be ineligible.

Robinhood introduced IPO Access in the United States in May 2021. Figs, a medical apparel company, was among the early offerings available through the program.

The U.K. expansion adds IPO requests to Robinhood’s British brokerage service, which had completed its rollout by March 2024. The service provides commission-free access to thousands of U.S.-listed stocks.