Robinhood (HOOD) Stock: $84.58 Thursday as Retail Lines Up…
By Tobi Opeyemi Amure
AI summary of the source article
Robinhood Financial and TradePMR have been named among six retail distributors for Anthropic's IPO. Anthropic's amended S-1 filing allows up to 20 percent of its 825 million Class A shares to go to retail investors.
Why it matters
For Robinhood, IPO access is a way to win customers. A listing of this size tests whether that work brings in new deposits and new funded customers, the two figures that disappointed in Q3.
Key facts
- Anthropic's amended S-1 names Robinhood Financial and TradePMR among six retail distributors, offering up to 20 percent of shares to retail investors.
- Anthropic's deal terms involve 825 million Class A shares priced between $70 and $78.
- Robinhood reported Q3 total net revenue of approximately $1.42 billion, while crypto revenue declined 55 percent.
Source excerpt · FinanceFeeds
Updated 12 November 2026, 07:30 GMT, before the US market open. Robinhood Markets (HOOD) closed Wednesday at $84.58 , up 4.0 percent, after trading as high as $86.15 (MarketBeat). Verdict: Robinhood is one of six brokers that will sell Anthropic IPO shares to retail investors, and its CFO wants retail to get a bigger share of large deals. The stock is still 39 percent below its 52-week high, and e…