Robinhood Markets Inc. wants its users to buy stock. The online brokerage’s own, that is.
The popular stock-trading app plans to set aside as much as 35% of shares in its coming initial public offering for individual investors, according to people familiar with the matter, a much larger retail allocation than in a typical deal. Robinhood wants people to sign up to buy the shares on its new platform that gives users access to IPOs before they start trading.
Source: Robinhood Wants You to Buy Robinhood Stock on Robinhood – WSJ
