Robinhood is looking to shakeup the IPO market by helping the average user buy shares of companies at IPO prices.
IPOs are often where the biggest portion of wealth is made for many investors. Unfortunately, many IPOs are dominated by major investors and institutions, with the average person left out in the cold.
Robinhood wants to change that with a new product that will put IPOs within the reach of anyone.
Today, we’re starting to roll out IPO Access, a new product that will give you the opportunity to buy shares of companies at their IPO price, before trading on public exchanges. With IPO Access, you can now participate in upcoming IPOs with no account minimums.
The company says IPO Access will be rolling out gradually over the next few weeks. In the meantime, customers wanting to learn more can check out the Help Center.