Robinhood UK launches zero-commission IPO Access, allowing users to subscribe to new U.S. shares at the offering price.

According to an official announcement on Robinhood’s website, Robinhood today launched its IPO Access service in the UK, with no commission fees. For the first time, UK users can apply to subscribe to eligible newly listed US companies at the official offering price before public trading begins. Robinhood noted that the UK’s retail investor community is mature and active, but IPO subscription opportunities have historically been reserved for high-net-worth individuals and large institutions. The company is partnering with a UK public offer platform provider to open primary market subscription access for eligible IPOs to UK retail clients, unlike traditional platforms that charge execution fees or restrict share allocations to institutions and high-net-worth customers. Robinhood first rolled out IPO Access in the US in 2021, and has since participated in over 50 IPOs, making subscription available to millions of US users. Jordan Sinclair, President of Robinhood UK, said he hopes UK retail investors will gain equal opportunities to participate in next-generation innovative public companies. Users can apply for and track IPO shares via their regular investment accounts, and submit applications after reviewing prospectuses and US Securities and Exchange Commission (SEC) filings on the app’s asset details page. Robinhood also warns that investing in IPOs carries significant risks, and share prices may be highly volatile in the early post-listing period.