Robinhood has won its first IPO underwriting role, ranking last among 18 banks on Oura’s offering. The bigger shift is in retail distribution: SpaceX reserved about 20% of its deal for individuals and Fidelity cut its minimum order from $500,000 to $2,000.
Source: [TNW](https://thenextweb.com/news/robinhood-ipo-underwriting-retail-channel-ai-listings)