November 04, 2021 BY Steffy Bogdanova
Robinhood introduces Directed Share Programs allowing retail investors to buy into IPOs
The new feature allows the company to reserve shares, at the IPO price, for a specific group of people. Robinhood helps allocate these shares to the chosen individuals through the program. The invited by the issuer individuals to take part in the DSP at the IPO price can then use the Robinhood app to request…
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