Interested clients can now buy into IPOs through Robinhood’s trading app
Robinhood, an online brokerage, as their contribution in democratizing Finance now allows their users to buy into Initial Public Offerings. In the past, these offerings have helped large investors make a lot of money by allocating them before amateurs had even had a shot at it.
This initiative by Robinhood is certainly a shot at better and fair investing opportunities for anyone interested in trading. Experts say that if this practice is adopted by more institutions, hits by Wall Street’s giants will take a significant step back.
