Robinhood has launched its commission free IPO in the UK, giving retail investors the opportunity to request shares in eligible US initial public offerings (IPOs) at the official offer price before public trading begins. The service went live on November 9, 2026, with zero commission.

The launch marks the first time Robinhood UK customers can participate in selected US IPOs through the platform before shares become available on the public market. The company is partnering with a UK Public Offer Platform provider to facilitate access to eligible listings.

Historically, IPO participation in the UK has largely been among institutional investors and high-net-worth individuals, leaving many retail investors unable to access shares at the initial offer price. Robinhood aims to widen participation by allowing everyday investors to request IPO allocations without paying execution commissions.

Robinhood Commission-Free IPO Access for UK Retail Investors

The service will be available directly through customers’ general investment accounts. Investors will be able to review a listing’s prospectus, submit allocation requests in a few taps and monitor their requests alongside their existing portfolios.

Robinhood first introduced IPO Access in the United States in 2021. Since then, the company has participated in more than 50 IPOs and provided access to millions of US customers. The US launch was intended to make retail participation a more prominent part of the IPO process, rather than leaving individual investors to enter only after public trading begins.

Jordan Sinclair, President of Robinhood UK, said the company wants to bring similar opportunities to British investors, following the impact of its US rollout.

He said the US launch helped level the playing field by moving everyday investors from a peripheral position to a more central role in IPO participation. The UK expansion, he added, is going to give retail customers access to the next generation of innovative public companies.

The introduction of IPO Access adds another feature to Robinhood’s UK investment offering. By removing commission charges and simplifying the allocation request process, the platform is seeking to make primary market participation more accessible to individual investors.

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