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Robinhood, the no-fee trading app, said Thursday it would gradually roll out features allowing users to buy company shares at their IPO price. 

Why it matters, via Axios' Kia Kokalitcheva: Investing into IPOs has historically been reserved for Wall Street insiders, but this move is in line with Robinhood's image of "democratizing investing."

Robinhood allows users to buy into IPOs

Investing into IPOs has historically been reserved for Wall Street insiders.

Illustration of a manila folder with the Robinhood logo on it, with hundred-dollar bills inside.

Initial public offerings (IPO)

Robinhood, the no-fee trading app, said Thursday it would gradually roll out features allowing users to buy company shares <a class="gtmContentClick" data-vars-link-text="at their IPO price" data-vars-click-url="https://blog.robinhood.com/news/2021/5/20/ipo-access-is-here" data-vars-content-id="5d89b105-3348-46b7-bbac-907d1a8c1ede" data-vars-headline="Robinhood allows users to buy into IPOs" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://blog.robinhood.com/news/2021/5/20/ipo-access-is-here" target="_blank">at their IPO price</a>. Why it matters, via Axios&#x27; Kia Kokalitcheva: Investing into IPOs has historically been reserved for Wall Street insiders, but this move is in line with Robinhood&#x27;s image of &quot;democratizing investing.&quot;

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Robinhood allows users to buy into IPOs

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