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

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

Robinhood gains approval to underwrite IPOs just as SpaceX tests a huge retail allocation and crypto markets trade pre‑IPO derivatives on platforms like Hyperliquid.

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

Robinhood stock rises after May data showed higher trading volumes, customer assets and IPO underwriting approval.

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…