Coinbase Opens IPO Allocations To US Retail Traders Starting With Oura

TL;DR Eligible US retail Coinbase customers can now request allocations in IPOs through the Coinbase app. The service is offered through FINRA-registered Coinbase Capital Markets. Oura is the first IPO on the platform, with allocation rules designed to discourage immediate flipping. Coinbase is adding initial public offerings to the list of financial products available inside its app. The exchange announced that eligible US retail customers can now request IPO allocations through Coinbase, with the service provided by Coinbase Capital Markets, its FINRA-registered broker-dealer. Oura Becomes The First IPO Available Through Coinbase The first offering available through the product is Oura. Rather than buying shares after they begin trading on the open market, eligible users can submit a Conditional Offer to Buy at the IPO offer price before public trading starts. That does not mean every request will receive shares. Allocations remain subject to availability, eligibility checks and the platform’s allocation process. Coinbase says its system is designed in part to favor longer-term participation. One of the controls is a 30-day holding incentive: users who sell allocated IPO shares w...