IPO Access gives you the opportunity to buy shares at the IPO price right before the stock starts trading on the secondary market. Request IPO shares has more details about how to request IPO shares.

Most Robinhood customers are eligible for IPO Access. You must be a UK resident and physically located in the UK when submitting your IPO order.

Some regulatory requirements identify individuals who are generally restricted from participating in IPOs. For instance, if you’re employed by or associated with a broker-dealer, are a portfolio manager, are an immediate family member of, or you materially support or get material support from a restricted person, you may also be restricted from participation.

For more information, review FINRA Rules 5130 and 5131. Your company’s compliance department can provide additional guidance on if you or your immediate family members can participate.

IPOs can be risky and speculative investments, and may not be appropriate for every investor. For more details, review the Initial Public Offering Risk Disclosures.