TradingKey – Robinhood Enters IPO Underwriting for the First Time: Can Its Stock Price Surge to an All-Time High of $153?

According to a report by The Wall Street Journal on September 7, Robinhood (HOOD) serves as an underwriter for smart ring maker Oura, marking Robinhood’s first participation in IPO underwriting and officially launching its lucrative investment banking business. It is reported that Robinhood was officially approved to become an IPO underwriter in June this year, signifying its transition from a retail brokerage into a comprehensive institutional-grade financial ecosystem. However, can this transition drive Robinhood’s stock price to continue rising to challenge its all-time high?

In the past, Robinhood could only…