The popular stock and crypto buying app Robinhood will offer shares of a new company on Thursday—its own. The company is conducting an initial public offering (IPO), meaning anyone can invest in its stock.
The move is significant not only because Robinhood has become an iconic financial brand, especially among millennials, but because it has also become a major player in the crypto world. Owning shares of Robinhood represents a new way to get exposure to crypto through the stock market—in the same way as owning shares of its competitor Coinbase (the first pure crypto company to go public) or Square.
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If you are thinking of investing in Robinhood, here are five useful things to know. And as they say, this is not investment advice.
1. Robinhood reserved up to 35% of IPO shares for customers
This is a big deal since, in the ordinary course of things, only bankers and big investment firms get dibs on shares of a company before it goes public. It means that retail investors w
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