Why don't you support all IPOs?

IPO Access lets you buy shares from select companies at the time they go public. IPOs have a set price.

We try to offer as many IPO investment opportunities as possible. As a selling group member, Robinhood participates in IPOs in which we are invited by our underwriter partners.

Robinhood receives shares to allocate to customers from underwriters. Sometimes we only receive a small amount of shares, or no shares at all. Ultimately, our underwriter partners determine what IPO stocks we’re able to offer our customers. We’re unable to offer IPO shares in companies that our partners aren’t involved in.

IPOs can be risky and speculative investments, and may not be appropriate for every investor. Learn more.