by Tyler Durden
Tuesday, Jul 27, 2021 - 05:40 PM
With its IPO set to take place this week, Robinhood, the discount brokerage that inspired millions of Americans to start trading stocks with their stimulus checks during the pandemic, is expected to rely heavily on retail traders to buy its shares, Bloomberg reports.
The company is disrupting another stock market norm by giving ordinary investors access to a huge slice - up to 1/3rd - of the shares being offered in its IPO.
To be sure, having early access to a company s shares can give investors a big advantage. So far this year, US IPOs raising at least $100MM have risen 34%, and that s including with the drag created by Didi.
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