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I wonder if they will list themselves on their IPO access offering: https://robinhood.com/us/en/support/articles/ipo-access/ https://robinhood.com/us/en/support
by timdorr 5y ago
I wonder if they will list themselves on their IPO access offering: https://robinhood.com/us/en/support/articles/ipo-access/ https://robinhood.com/us/en/support/articles/ipo-access/
It's going to be interesting to buy Robinhood with Robinhood...
- qeternity 5y agoIt’s interesting that they could be earning fees off their own underwriting. That would probably be an industry first.
- _fat_santa 5y agoIntercontinental Exchange is a publicly traded company. And they own and operate NYSE.
- qeternity 5y agoYes, I know. I’m specifically talking about underwriting where the company raising funds typically pays a portion of the proceeds. This would be the first instance where the underwritee is earning fees off this process. This is different to having ICE shares trading on NYSE.
- martin_ 5y agoLooks like it: "RHF, one of our broker-dealer subsidiaries, is a member of the selling group for this offering. We expect the underwriters to reserve approximately 20 to 35% of the shares of our Class A common stock offered by this prospectus for RHF, acting as a selling group member, to allocate for sale to Robinhood customers through our IPO Access feature on our platform. Any such sales will be made at the same initial public offering price, and at the same time, as any other purchases in this offering, including purchases by institutions and other large investors, and in accordance with customary broker-dealer practices and procedures."
- carstenhag 5y agoInteresting, is that allowed in the US? In Germany, you can't buy Lang&Schwarz shares via the Lang&Schwarz trading platform (akin to an exchange) - doesn't matter what broker you are using. You always have to use Xetra or some other exchange.