#retail allocation

➤ Robinhood Securities has been approved to act as an IPO underwriter, allowing it to compete directly with traditional Wall Street banks. ➤ This move expands Robinhood's role from distributing IPO shares to negotiating pricing and taking on liability for offerings, with a focus on upcoming mega-listings like SpaceX. ➤ Concurrently, crypto platforms are developing alternative, blockchain-based access points to pre-IPO equity, such as tokenized futures and secondary markets, which have shown effective price discovery.