Robinhood opens US IPO access to UK retail investors

This pushes Robinhood's UK arm deeper into allocation access that retail investors have historically been shut out of, and it lands as a competitive differentiator against local platforms rather than a revenue story on its own. The people affected are UK retail traders and the incumbent brokers that have so far offered little pre-listing access to US deals. The open question is how allocations are actually sourced and rationed when demand outruns supply — and whether access at the offer price translates into meaningful fills rather than token allocations.