Robinhood Opens Up Its Own IPO to Customers

Robinhood has just made its own IPO available for customers via its IPO Access feature.

Robinhood is planning to list on the NASDAQ under the ticker 'HOOD'. Today, the online broker said it is planning to sell around 55 million shares at $38 to $42 apiece.

Goldman Sachs, Citigroup, and JPMorgan have acted as the lead underwriters on the deal, among others.

Recent reports suggested Robinhood is setting aside 20-35% of its IPO shares for its customers.

The listing on Robinhood's website indicates the company is expected to go public on July 29.

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