Robinhood aims to allow users to buy into IPOs
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Robinhood aims to allow users to buy into IPOs
本帖最後由 geemong 於 2021-3-26 16:50 編輯
Robinhood aims to allow users to buy into IPOs
Robinhood is building ทดลองเล่นslotxo a platform to "democratize" initial public offerings
(IPOs), including its own, that would allow users of its trading app to snap up shares
alongside Wall Street funds, according to people familiar with the matter.
The move could further erode Wall Street's grip on stock market flotations. It would be
easier to implement for Robinhood's own IPO, given how companies and their
investment bankers tightly control allocations to investors in new listings.
Currently, Robinhood users and other amateur traders cannot buy into stock of a newly
listed company until its shares start trading. Since shares often trade higher when they
debut, big funds that get allocations in the IPO have an advantage. The average
first-day trading pop on U.S. listings of businesses in 2020 was 36per cent, according
to data provider Dealogic.
Robinhood plans to carve out a chunk of its shares on offer in its IPO for its 13 million
users, and to use technology it is building to administer this part of the offering,
the sources said.
While Robinhood's technology would be new, the concept of reserving shares for users
is not. Deliveroo Holdings Plc, the Amazon.com Inc-backed food delivery firm that
announced plans this month to list in London, is doing this, although a third-party
provider is administering the process.
More novel are Robinhood's ambitions to let users directly buy into IPOs of other
companies. It would need to negotiate agreements with companies and their
brokerages and get the blessing of U.S. regulators, the sources said. Robinhood could
have leverage in these negotiations by arguing it would be acting as a bridge between
the IPO and a major pool of investor demand, the sources added.
It was not clear what kind of arrangements Robinhood would seek to put in place,
and no certainty its ambition will come to fruition, said the sources, who requested
anonymity because the matter is confidential. Robinhood declined comment. |
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