Robinhood Mulls Platform for Buying Into IPOs, Reuters Says
- Online broker filed confidentially for its own IPO this week
- Small-dollar, novice investors have been a focus for Robinhood
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Robinhood Markets is building technology that would allow customers to buy into initial public offerings, including its own, Reuters reported Thursday.
The online brokerage is readying its own IPO this year, and has weighed selling shares directly to its clients, Bloomberg News reported in January.