TechWall Street Journal1h ago
Robinhood secures its first IPO underwriting role, in Oura's IPO
Robinhood secures its first IPO underwriting role, in Oura's IPO, which could give it more influence over how many shares are allocated to its customers
TL;DRRobinhood lands first IPO underwriting deal, potentially letting it favor its own users with more shares.
Why it matters: Retail brokers gaining IPO power could shift allocation away from traditional underwriters, benefiting their customers but raising fairness concerns.
Playing an official part in the IPO process could give Robinhood more influence over the number of shares allocated to its customers
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