Robinhood IPO Access $HOOD

[@PBoyle]

Thanks to our growing list of Patreon Sponsors and Channel Members for supporting the channel. www.patreon.com/PatrickBoyleOnFinance Marc De Mesel, Annie Chen, Nate Stapleton,Timothy Baird, WIlam, Robertas, Hernan Merino, Random Encounter, Nieuwsbrief Ikwil, Bee Positive Consulting, hyunjung Kim, John Cadena, Ian Tracey, A Smith, Callum McLean, Oscar, Simon Pena, Ed, Pavle Obradovic, Erik Van Ekelenburg, David O'Connor, Zak Patterson, Pjotr Bekkering, Drew, Alex, Robert W Proudfoot, Michael Boensel, pooh shmoo, Robert Muller, Andre Michel, Ivan Iliev, Gopaljee Atulya, Milan Tomic, Mark Hooker, Artem Vasenin, P H, Sebastian, Michal Lacko, VicMR, Peter Bočan, Michael Pierce, V Jordan, Gil, HalfwitHam, Mark Brophy, Patrick T, David Urdenata, Juan Valdez, Bruce Roberts, Chad Norman, Bruce Roberts, Shamikh Rana, Friday Guy, Marc De Mesel, Augusto Ramos, Soy Boomer Doomer, Bob Slartabartfast, Robert Feiler, Camil Dbouk, Erik Montesinos, Matthew Loos, Az Indragiri, Aman Bali, Lautaro Parada, Pratap, Deborah Joseph, Robin Sung, Kurt Johnston, Dominik Auerbach, gurmeet Kaushal, John Hall, Dara Mo, Josef Goergen, Wilbert Cheng, Daniel Talero, Cogitecture, Jaroslav Tupý, Trevor Lucey JB Weld, Alex, Sunny, Carlos Figuera, Peter Pomelov, Null065, Rick Thor, MeBerzerk, Henry Nguyen, Sola F, The Collier, Carlos Mejia, J Wadia, Bitcoin OG, easy boekhouding, Albert, Eugene Jung, Oisin Quinn, Daniel Cervini, Wilson Hammer, Jonathon Yong, Iris Ji, Emil Nicolaie Perhinschi, Charles, Leszek Frankowski, Gerard Scott Eli Auto, Excks, Michael Li, Par Hedman, Praveen Mishra, Gerard Scott, joel köykkä, Areeb Ahmed, Luis Torres, Smith Vilcapoma, David Wang, Yazan Qaraqish, Rodolfo Cornetti, Hunter Lofgren, Justas Juškevičius, Daniel Winroth, johnny, Nick Jerrat, Chris Houston, Johan Levin, Morgan Brown, Alastair Currie, Robert Griffin, Andrei, zizi Golo, Fab Vida, Constantin Petrenco, pawel irisik, NotAScam, James Halliday, 22 Dust, Carsten Baukrowitz, Heinrich, Arron T, Kam Batra, Ben Brown, Brian Dennis, Stephen Mortimer (to The Moon), Ryan B. Hicks, B S, Adam Horenstein, Liam, Logan Vrankovic, Sam coatham, William Heaton, Paul McCourt, Andrzej Jasionowski, Daniel, Aaryan Koura, paul koos, mikhail tyurin, Steven, Christopher Boersma, Nathan Smart, Dave Cooke, Ulf Lundblad, Cozy thang, Dorothy Watson, Greg Blake, Simon Bone, Livermores Quant, The Collier Report, Scott Gardner, The Man Koala and Yoshinao Kumagai

[@jeebus6263]

There's a scam account impersonating you...

[@thomas316]

Enjoyed the video. Something I've learned as a retail investor is that most of the IPOs I can access I don't want and most of those that I want I can't access.

[@PBoyle]

The winners curse.

[@TRINITY-ks6nw]

Agreed That which has true potential is guarded

[@thomas316]

@@PBoyle Not so much scaling, just limitations on access as a retail investor.

[@hoodiegod6115]

I just stay away from them, not to mention when i first started using Robinhood they gave you access to ipo but you wont ever get any shares before it starts trading publicly

[@jonathanfrank2007]

@Sheila Phillip this is likely a scam.

[@PederE007]

I had a father-in-law that did IPOs with his company on Wall Street. Sometimes he would allow me to buy a few shares. It was always a small amount. I thought he was kind.

[@squishyfish5332]

This channel is so underated, thank you for spreading true value my friend.

[@akshatprakash871]

In India, security regulation ensures that 15% of any IPO has to be available to retail investors (defined as accounts that invest less that USD 2700 approx). Even still most investors do not get any shares (since the retail portion of any ipo is often 10x oversubscribed) but atleast some lucky investors do get shares at the ipo price.

[@susymay7831]

I want to press Like before watching because I have greatly liked all of Patrick's past videos.

[@Frankcapasso]

Patrick, I am glad I found your channel. Thanks!

[@CBSonPc]

Love the stock footage of the guy using a comically large calculator on an iPad to add 319 to 858. 😂

[@jeebus6263]

1177 🤔

[@jeebus6263]

That post is a scam

[@XxpitbulxX009]

" IPO, It's Probably Overpriced" - benji graham

[@xiupsilon876]

Dear Patrick, your videos truly are a treasure of financial education on this platform. I humbly request you to do a video on your take on the fed, it's bond buying program, inflation and how all this relates to asset pricing. I know many other's have done this topic, but I would really love to know what you make of it, as I find your explanations of quantitative finance so lucid. Thank you again for the great content :)

[@mattbob1995]

great video Patrick. you have a great cadence. so tired of KZbinrs pumping get rich quick schemes. you're taking a much more educational approach in trying to talk about what's happening in the world of finance. love it.

[@arthurtreibs4174]

Brilliant expo, Pat. Keep 'em comin' bro!

[@egorsmirnov452]

This channel is the best. Love every single video

[@MJC_RC]

This guy broke down a lot of stuff. Great video!

[@gustersongusterson4120]

Your videos have been very informative and interesting to me, and I love the slight snark every now and then. Thanks!

[@EpicToroX3]

Thank You for posting this well researched video Mr. Boyle !

[@brandoncox8941]

Thank you Patrick. Your videos are terrific.

[@monaoconnell5650]

I love your videos. I hope to see more of them. . Every high school student should have a teacher like you. I learned nothing about the stock market in school. I have been studying for years on my own. I'm 75. I never made a dime on Wall Street. I never tried. Instead, I want to initiate a better way of doing business. Of course, I can't do that until I understand finance. You explain things so well. Thanks.

[@yorkshireway150]

Watching you is such a treat❤❤

[@loommoon2301]

Love Patrick's work, he's balanced and factual. I thourgly recommend his documentry on Ponzi.

[@garcope7858]

Have seen IPO`s over the last few years including Uber and was right when after the first day the share price plummets ... IPO`s never seemed to make sense to me .. even after nearly buying a space-ex ipo, when i asked if Starlink will be included to which the broker said it was when i knew that it will be listed as a separate entity and when i called the broker out he hung up..

[@Envinite]

Lots of IPO is just so existing institutional investor (VC, angel etc) can cash out and let the retail hold the bag.

[@andreas3578]

thank you for the content. I would love to hear more on these wealthy investors which investment banks provide some of the deals which are not provided to retail investors. Another example is the convertible bonds that CS recently offered. Questions that come to mind are: why only them ? how are these clients selected ? how much money you need to have ? what is their strategy ? how do they move money ? what else is special about them ?

I think fidelity and other retail brokers already offer access to their retail clients (or more as you mention to ask for the shares they are assigned), and it is even not uncommon in other places like Europe/UK.

[@PBoyle]

I think the difference is that the other brokers pick who to give shares to. Robinhood say that they will give everyone who applies shares, even if they are only fractions of shares. That is what they are claiming anyhow, we will have to see how it goes.

[@nokungfuforyou323]

What I like about Patrick is that he puts out well thought out stuff, he isn't just posting stuff for clicks.

[@stephenshawn1375]

Rebate and flow as well as marginal lending are their main cash flow. Retail investors should caution about the narrative of close to zero trading fees.Please note that Robinhood was in fact paying $65 million penalty to resolve the regulator's charges. Everyone should pay close attention on their misconduct.

[@mhmhm5337]

Retail investors are usually peanut brains who invest with their cock in their hands. They don't actually realize they are paying more in fees than they would have with a normal/legit broker.

[@vividtreks]

Giggled when Chamath got a cameo

[@orpheusepiphanes2797]

I thought you meant Robinhood was IPOing...Thats a short opportunity if I ever saw one

[@lombardo141]

Lol. Shorting an app used my autistic degenerates on Wall Street bets ? You must hate your money 😂

[@panicattheyoutube]

@@lombardo141 This comment aged incredibly poorly

[@cervelo9465]

The best dressed man on KZbin. Did you compose and play the intro and outro yourself Patrick?

[@thomas.02]

I’ve heard the intro/outro in some other place before I’m sure it’s stock music Heck probably from Kevin Macleod our god and saviour

[@XxpitbulxX009]

Accounting student but this channel makes me feel like i chose the wrong field lol

[@robi1483]

Hey Patrick, wondering if you'd do a video on what happens with pre-IPO/private shares in a company? The kind that employees of a company or those close to the company might have! Google isn't being very helpful on this, or I'm simply not using the right search terms. Great videos, btw--thanks!

[@subhajitdasgupta1644]

If the TTW for Robinhood is earlier than other institutional investors, and assuming Robinhood gets info from surveys about interest from retail investors, don't the underwriters/other IIs get an unfair peak at a possible pop/drop? Thoughts?

[@jeebus6263]

Wow another very concise and detailed explanation, thank you.

[@jeebus6263]

Scam

[@surgicalcapscom]

great Report

[@jameshusentoff2953]

What about direct listings like palantir

[@screwball1010]

2:21 Throwing a little shade. 🤣

[@anxer5544]

Could the IPO price be lower due to retail investors not being able to partake in them? Retail investors not being part of IPO means that the demand is lower while the supply remains the same, which in basic economics would mean that price would go down. So after IPO is finished and more demand is allowed, it is not a big surprise that the price would rise. It's just basic economics. Seems a bit unfair.

[@paddymush1]

hi , have you any plans to make your books avalible in audio versions???

[@jr8209]

Sofi offering the same as Robinhood supposedly. A Chamath related company.

[@erdenemashbat3379]

As well as Webull..

[@mikestanmore2614]

Wow! The KZbin algorithm predicted I'd come here from your billionaire video. It was right! Now, if they can just rig it to predict the next trading opportunity...

[@GoodBoy-qs9we]

I'm buying shares of FIGS. I think that you should too. I work in an industry that uses scrubs and they are really popular! Super comfortable and they are definitely not like your average scrubs. They are definitely luxury scrubs and you pay a premium for them but they are unlike most others. Going to buy what I know. Not saying it's a good idea, but as soon as I saw figs, I was like NO WAY I wish I got in earlier on the IPO but oh well.

[@incremental_failure]

A year later, I'm curious if people use this allocation method and what's the experience like.

[@ashishpatel350]

dont investment backs ban you from buying into future ipos for selling ipo shares on the first day or week?

[@VineethJose]

which is the movie shown in between ?

[@NightFlighttoCairo]

That scene with Michael Douglas and Charlie Sheen is from the Oliver Stone movie "Wall Street," from 1987. 🎞📽🎬💰💴💵💶💷💸

[@MrAsteba]

Thanks for the video, it was really interesting!

[@fluffych1cken]

lovin the mini succuents Patrick, you stylin'

[@guplex]

Patrick this is a super interesting video thank you! Could you share the sources for research when you quote average IPO pops and statistics like that?

[@TomDenbo]

Could you describe how stock price is converted to investment capital? Also what happens when a stock price falls.

[@Cdaddyhudsoc]

i saw that reference to thaler's winners curse.

[@hansonwinx7843]

Im gettinn used to ur monotone narration now lol

[@paultan327]

Thanks for your free efforts.

[@awdrifter3394]

A lot of Robinhood users are just gamblers, so letting them gamble on IPO will let them gain more users.

[@samsonsoturian6013]

Robinhood's advertising targets college students. People with only a little savings and skills but will have more later.

[@kiwus87]

I guess the only time the IPO process worked out was with Wework

[@HarshSingh-iu3xs]

I've never been able to get a single IPO. I always fail.

[@spardasquadspqr3535]

So if they get 17cents for 100nshares order one can only wonder how much they make by being crypto exchange🤔🤔🤔 Would u notice 25$ for.each ethereum when one costs 2500$???

[@Christiangrey999]

can you talk about AMC and if you think its a squeeze or just retail pumping the stock

[@OurPastSecrets]

As a client of the bank, couldn’t you just bid say millions of shares at $20 even if you think it’s worth $50 to lower the weighted average, then buy fewer at whatever the decided opening price is

[@orpheusepiphanes2797]

Thats a quick way of not getting yourself invited back

[@OurPastSecrets]

@@orpheusepiphanes2797 yeah but they wouldn’t know that you weren’t serious. They might think you genuinely valued the company at that

[@bryannacaldwellsoccer]

Thank you for the video, I learned a lot!

[@Dr.Sheffield]

Thanks for the great efforts 🎩

[@mech0p]

Got in one ipo and never again. Ive been doing some research on ipos that have been out under about 5 years and most of them have tanked. Just doesnt seem worth it and the fact that people still get in on them is kind of baffling.

[@MrLeo625]

Great channel 👍

[@ratsu2641]

Matter fact explanation of the exact reason why , I’ll never get into a country club :)

[@robertplatt1693]

I find more fun people at the kitchen door. Free eats too.

[@Cdaddyhudsoc]

i loved this video very informative

[@thomas.02]

These videos are just so damn good

[@poohshmoo9892]

my broker does offer me access to all new IPOs but somehow they are all garbage .. free access , yeah , to junk that is

[@maxmassetti2392]

Hi Patrick, perhaps you could do a video on Michael Burry’s 13-F as it is packed with Options. He’s got vanilla Put/Calls, Inverse Bond Options, 2x Additional Leveraged Options. The lot!

[@Mikey888888888]

Great video 👍

[@susymay7831]

IPO's are overpriced as a group. IPO's drastically underperform the market over their first three year period. This is true even though as a group IPO's pop the first day If an IPO goes up 20x over the next three years, no one is more surprised than the founder's of the firm as why would they knowingly bring their company public at such a steep discount?

[@Editnamehere]

Did anyone actually get in at 16-18 for the Figs pre ipo?

[@kikolatulipe]

Good analysis, thanks !

[@trmibp9441]

Hi I’m an investor from a country outside the US but I want to invest in companies in America, I would like to know what is the best broker to use? Been looking at TD ameritrade and Etoro

[@dennisdesmornes2655]

extremely informative

[@hansgerber8654]

this video had more substance than every Furu video course combined

[@mzbeabout]

Robinhood asks for permission from investment banks to sell shares at IPO access prices? Does Robinhood want to borrow the keys to the car too? IPO access for retail investors of crap stocks, or dare I say 2021 "junk" stocks. Valuation is not "money on the table." This just seems to all come down to risk mitigation. The market cannot be predicted, but it can be analyzed. Thanks to Patrick. Cheers.

[@thiagolucas893]

I think with how informatized the markets are, there could be a way where shares are issued over time for the IPO without need for an underwriter.

[@kikolatulipe]

HHahah you don’t seem to like Chamath , the SPAC sponsor champion :-)

[@orpheusepiphanes2797]

Does anybody?

[@robertplatt1693]

Even Facebook was down after its IPO.

[@easternwoods4378]

If you don't understand the product, it's not for you

[@theBROKEbroker]

It’s going to be lik Webull ipo stuff witch is tiny shit companies they offer thru APEX CLEARING

[@TIO540S1]

Well done, thanks.

[@simon4133]

🤣🤣 The tiny cake 🤣🤣

[@Sp00n00n00n00]

Great educational content, but a severe lack of sarcasm and deadpan humour!

[@aaronmarko]

Spotted at 0:09 Patrick's entire investment portfolio. Everybody remember to invest in Tyson Chicken, Tesla, Tenaris, Alibaba, Taiwan Semiconductor...or maybe this is what he wants you to think. My god Patrick, will you stop playing games with us? We've done nothing but like, subscribe, hit that bell and share your videos on platforms like facebook and twitter. This is nothing but pure torture.

[@randyk7699]

Thank you!

[@70galaxie]

great stuff, sir. g5

[@kylejf9059]

Where can I find some of this education on KZbin? As you can tell I'm being hilarious. Thanks for listening.

[@fabianstoll]

Private equity holders should prefer direct listings.

[@gg_rider]

The Webull ad. That's I think Weibo.

[@rhuephus]

Webull is a chinese owned brokerage ... Weibo is a chinese social media thingy. Every do research ??

[@vsmk8747]

That's very odd . In India, retail investors can buy into an IPO if they buy a single lot of the shares going public. The offer is always open to institutional and retail investors from the very beginning

[@rhuephus]

IPOs are kind of going away ... the preference nowadays is merging with a SPAC ... it's a lot cheaper than messing with all the IPO mess

[@ProfAzimov]

​@@rhuephus Primary Direct Listing

[@GoBayside]

Shit is about to get crazy.

[@erick7862]

Get ready for stupid IPO pricing, and massive losses after the corrections.... this represents a nice option play... If I were an issuer, I would refuse to let the IB allow RH allocations!

[@samsonsoturian6013]

Robinhood's 20 billion assets under management isn't enough to do that except for select small cap stocks. Also, the amount of shares Robinhood offers will be finite and the execs are aware they can get screwed by autists, so they'll avoid such scenarios.

[@unktopia]

I have no interest in this information. I just came for the delivery.

[@cinemaipswich4636]

I am surprised that Robinhood thinks that it can be trusted. They appear to have no backup system for their trading app, and when it crashed, users/investors lost the ability to trade. Now they do the PR thing and say they are somehow "disruptive" to the stock market norms. How much money will the Board of Directors of Robinhood lay on the line to get some pre-IPO allocation?

[@lmpaske]

None of this is helping to save crypto right now. PATRICK WE NEED PEOPLE TO HODL.

[@terencewinters2154]

Retail tail buyers make the underpricers reward their institutional investors . The seesaw effect elevates them. Unless the retail buyers ardor wanes.

[@mandelbro777]

the liquidity theory makes the most sense. I'd like to see some historical data on the average hold time for a share of underwritten subscription versus the IPO pop returns in the first day first week, first month, etc...

[@greatstuffs]

Thanks

[@TalootB]

I guess I should short every ipo 🤣 100% win rate🤣 after day 1

[@monkeytron5061]

So in short, don’t swing trade an IPO

[@aponteeduardo]

There is funny fallacy in minute 12:37. It is argued that the theory that strict laws in America cause IPOs to pop is disproved by seeing the same phenomenon in countries without a string regulatory environment. That's a fallacy, as the argument should show that other countries *with* strict laws don't display the same behaviour. Maybe the theory still has some merit.

[@MoneywithPennies]

*Hope Robinhood users know what it means to buy IPOs. Thanks for a great video, Patrick, as usual I should say. =)*