If you invest with Robinhood, you could get early access to shares of the company’s IPO. Between 20-35% of Robinhood shares might be reserved for the broker’s users. 💰
With that being said, experts are cautioning small investors— Douglas Boneparth, president of Bone Fide Wealth, said:
“There’s the potential for a lot of volatility with an IPO as the market sorts out what the real value of the company is.”
It’s still uncertain what exact $HOOD share prices will be, but Robinhood’s early IPO shares will be available on the company’s app. UF Finance Professor Jay Ritter shared:
“If many of Robinhood’s 18 million clients want to buy shares, they will only receive a few shares per account.”
Experts’ #1 recommendation? Do your due diligence before you invest. Here’s CNBC with more on the IPO.