Robinhood has launched IPO Access in the United Kingdom, with zero commission. The service started on Monday, November 9. For the first time, Robinhood UK customers can request shares in new US stock listings at the official offer price before public trading begins.

An IPO (initial public offering) happens when a company sells its shares to the public for the first time. The offer price is the price set before the shares start trading on the stock market. Robinhood says wealthy people and big institutions have usually had the access to IPOs in the UK.

Robinhood partnered with a UK Public Offer Platform provider to make this possible. However, the company has not shared the provider’s name. Customers can use their general investment accounts to request shares and track their requests alongside their other investments. Only eligible users can take part, and the service is available for selected IPOs of companies listing in the US.

Customers can review a company’s prospectus and request shares with just a few taps. This document provides key details about the company and its share offering. The app also shows the required prospectus and SEC filings on each listing’s page. However, submitting a request does not guarantee that customers will receive shares.

Jordan Sinclair, president of Robinhood UK, said the US launch “levelled the playing field” for retail investors. He said the company wants to give Britain’s retail investors the same chance to reach the next generation of innovative public companies. Sinclair previously served as managing director of UK broker Freetrade.

Robinhood launched IPO Access in the US in May 2021. Since then, Robinhood has taken part in more than 50 IPOs and offered millions of US customers a chance to buy shares in new listings. In July 2021, the company reserved up to 35 percent of its own IPO shares for individual investors.

Robinhood says customers don’t need to pay extra commission when they receive shares through an IPO. The company says other platforms may charge fees for buying shares or only allow larger investors to take part. However, Robinhood’s UK fee list includes custody and regulatory charges for some other services. The company helped make commission-free trading popular. Many UK brokers, including Freetrade and Trading 212, also offer the same service.

Robinhood officially launched its services in the UK market in March 2024 as its first market outside the US. The Financial Conduct Authority regulates its UK app. Robinhood added a Stocks and Shares ISA in February 2026 and crypto trading in August. The UK app also gives access to more than 6,000 US-listed stocks and ADRs with no trading commissions. Robinhood also offers options and futures trading in the UK.

IPO shares can lose value once public trading begins. SpaceX shares dropped about 32 percent from their June 16 peak within two weeks. However, they were still trading at around $153, above their $135 offer price. Budget investors may also receive fewer shares than they request because companies often set aside only a limited number for them.