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Robinhood Weighs Selling Its Shares to Clients in IPO

  • Trading platform could market minority of IPO shares to users
  • Retail investors have flocked to Robinhood during pandemic
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Robinhood Faces Mounting Claims of Compromised Accounts
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Robinhood Markets, the trading platform popular with novice investors, is considering selling some of its shares directly to its own users when it goes public this year, according to people familiar with the matter.

The Menlo Park, California-based company has weighed allocating a significant minority of the shares it will list to clients, said one of the people, who asked to not be identified because the details aren’t public. No final decision has been made on how much stock it might sell to its own customers, or if it will proceed with the plan, the people said.