Goldman Sachs · Crypto Briefing
Robinhood locks in first underwriting role in Oura’s IPO
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
◌ Single Source
The retail brokerage lands at the bottom of an 18-bank syndicate, but its real play is funneling IPO shares to everyday investors.
Key facts
- For the nine months ending June 30, 2026, Oura reported $1.21 billion in revenue
- Oura’s public S-1 filing surfaced around September 3-4, 2026, following a confidential submission earlier
- Robinhood sits 18th out of 18 underwriters, dead last behind heavyweights like Goldman Sachs and Morgan Stanley
- The company counts roughly 5 million paid members, with an 85% weighted-average membership retention rate
Summary
Robinhood went from handing out IPO shares at the door to having a seat at the table where those shares get carved up. Robinhood sits 18th out of 18 underwriters, dead last behind heavyweights like Goldman Sachs and Morgan Stanley. Until now, Robinhood’s involvement in IPOs was limited to its IPO Access feature, which let retail users request shares that the platform had received from lead underwriters. Robinhood received regulatory approval for IPO underwriting back in June 2026, and Oura’s listing is the first time it’s putting that license to work.