Vlad Tenev Says Robinhood 'Now Approved' To Serve As IPO Underwriter: 'We Intend To Be Disruptive In This

Robinhood Markets Inc.

(NASDAQ:HOOD) is pushing deeper into Wall Street's IPO business after CEO Vlad Tenev said Tuesday that Robinhood Securities has received approval to serve as an underwriter.

The approval moves Robinhood beyond distributing IPO shares to retail investors and positions the brokerage to take a more active role in helping companies access public markets.

Retail Investors Are No Longer An IPO Afterthought Tenev said the conversation around retail participation in IPOs has shifted significantly since Robinhood launched IPO Access in 2021.

"The question changed from 'why allocate to retail at all?' to 'how big can the allocation be?'" Tenev said in a post on X.