Robinhood CFO: Striving for Larger Retail Investor Share in Anthropic IPO

Techub News reports that Robinhood Chief Financial Officer Shiv Verma stated the company will participate in Anthropic's IPO and is striving to secure a larger IPO allocation for retail investors. Verma said that historically, retail investors have only been able to obtain 1% to 5% of IPO shares, but now companies are asking if the allocation can be increased to 10% or 20%. He pointed out that retail investors account for about 25% of the stock market and should receive a greater allocation. (BeInCrypto)