Robinhood has launched its IPO Access service in the United Kingdom, allowing retail investors to request shares in new US stock market listings at their official offering price before public trading begins, without paying commission fees.
Summary
- Robinhood has launched commission-free IPO Access, allowing eligible UK investors to request shares before trading.
- The company introduced IPO Access in 2021 and has since participated in over 50 offerings.
- UK customers can request shares through general investment accounts, although IPO allocations are not guaranteed.
- Robinhood’s latest service follows its August launch of cryptocurrency trading through Bitstamp in the UK.
According to the company’s Nov. 9 announcement, eligible UK customers can submit requests through their general investment accounts, giving them access to selected initial public offerings (IPOs) that have traditionally been available mainly to institutional investors and wealthy individuals.
The service allows customers to request shares before a company begins trading on a public stock exchange. However, submitting a request does not guarantee an allocation, as the number of shares available to individual investors depends on each offering.
Robinhood first introduced IPO Access in the US in 2021 and has since participated in more than 50 public offerings, making the service available to millions of American customers.
Robinhood opens US IPO access to UK retail investors
Through the new service, UK investors can request shares in eligible American companies at the price established for their initial public offering. Customers will no longer have to wait until trading begins to seek exposure to participating companies through Robinhood.
The company has partnered with a UK Public Offer Platform provider to facilitate access to these offerings. However, it has not disclosed the provider’s identity or published a complete list of companies whose shares will become available through the service.
Customers can find available offerings inside their general investment accounts, where they can review information about upcoming listings and submit requests through the Robinhood application.
Required prospectuses and filings with the US Securities and Exchange Commission will appear on each company’s asset details page. Investors can review financial information, business operations and disclosed risks before deciding whether to participate.
The company will not charge commissions for IPO Access, although investors must still pay for any shares allocated to them at the official offering price.
Unlike buying shares after trading begins, participating in an IPO allows investors to seek an allocation before the stock establishes its market trading price. The opening market price can differ from the offering price once investors begin buying and selling shares on an exchange.
How Robinhood’s IPO Access service works
Robinhood’s existing IPO Access guidance explains that customers submit requests for a specific number of shares before a company’s public listing. The platform then allocates available shares based on the offering’s distribution arrangements and customer demand.
Investors may receive their full requested allocation, a smaller number of shares or none at all. The company works with investment banks to obtain shares from participating offerings, although its role can differ depending on the transaction.
Robinhood uses random or proportional allocation methods for its established US service. Its UK announcement did not specify whether those same methods will govern British customers’ requests.
Allocation requests will appear alongside customers’ existing investment portfolios, allowing them to monitor their participation without opening a separate account.
Robinhood UK President Jordan Sinclair said the company wants to provide British investors with opportunities previously concentrated among larger market participants.
“As we bring IPO Access to the UK, we want to support that same opportunity for Britain’s retail investors: access to the next generation of innovative public companies,” Robinhood UK President Jordan Sinclair said.
The company warned that IPO investments carry risks because newly listed shares can experience large price movements, particularly during their first trading sessions.
Robinhood expands UK services after crypto trading launch
The latest offering follows Robinhood’s August expansion into cryptocurrency trading for eligible UK customers, bringing digital assets into the same application as traditional investment products.
As crypto.news reported in August, the company introduced access to more than 50 cryptocurrencies through Bitstamp UK, including Bitcoin, Ethereum and XRP.
The cryptocurrency service operates through Bitstamp UK Ltd, which is registered with the Financial Conduct Authority. Customers can trade supported digital assets without trading commissions, although currency conversion fees apply.
Robinhood completed its $200 million Bitstamp acquisition in June 2025, acquiring an established exchange with operations across Europe, the US and Asia.
The UK platform now offers cryptocurrency trading alongside stocks, stocks and shares ISAs, options and futures. IPO Access introduces another service covering traditional financial markets, without changing the separate arrangements under which Robinhood provides cryptocurrency trading.
Robinhood continues developing tokenized stock products
Robinhood has separately expanded its blockchain-based stock products, including tokenized securities that eligible customers can trade through its blockchain infrastructure.
In July, the company launched Robinhood Chain, an Ethereum layer-2 network designed to support tokenized financial assets and applications.
Its Stock Tokens are separate financial instruments that provide exposure to the prices of referenced securities, while IPO Access concerns allocations of shares in companies entering public markets.
By October, Robinhood Chain had reached $1.14 billion in total value locked, with eligible Stock Token holders gaining access to stablecoin borrowing through Morpho.
Robinhood has explored introducing Stock Tokens to its UK application, but its Nov. 9 announcement concerned conventional US IPO shares. The company did not announce a UK launch date for its tokenized stock products.