Robinhood has launched a UK service allowing retail investors to request shares in eligible US initial public offerings before trading begins. Customers can review offering documents in the app and request shares at the offer price without paying trading commissions. The company said it has participated in more than 50 IPOs since launching the service in the US in 2021. It did not specify which upcoming US IPOs would be available to UK investors. In the third quarter, Robinhood reported record revenue of $1.42 billion and net income of $476 million.
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