Robinhood Securities wins approval to underwrite IPOs as the brokerage expands beyond retail trading.

Robinhood Securities wins approval to underwrite IPOs as the brokerage expands beyond retail trading.

Robinhood Securities has won regulatory approval to underwrite IPOs, positioning itself for major offerings like SpaceX and crypto-native listings like

The zero-fee trading app is poised to enter the IPO underwriting business.

Robinhood Securities has received approval to serve as an IPO underwriter, CEO Vlad Tenev announced Tuesday, positioning the zero-commission broker to compete directly with Wall…