Robinhood’s unique IPO is a clever defense against competitors

Robinhood’s IPO is a little bit different.

A handful of companies last year saw their share price surge as they made their debut in the public market. Last December, for example, Airbnb (ABNB) zoomed from an IPO price of $68 to $146 as its shares began trading.

Buying shares in an IPO and capturing the initial “pop” is enticing, but regular investors typically can’t buy in (they’re usually reserved for institutional investors and wealthy investors). Regular folks have to wait until…


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