Shiv Verma: Robinhood is vying for retail allocation slots in the Anthropic IPO.

Robinhood CFO Shiv Verma stated that Robinhood is competing with other retail brokerages for a share allocation in Anthropic's IPO, and the competition is currently fierce. Robinhood will compile customer subscription requests and submit them to Anthropic and the underwriting banks, with the issuer deciding on the allocation. Verma noted that retail investors account for approximately 20% to 25% of the US stock market, and the issuer should consider allocating a larger proportion to retail investors. Anthropic filed for its IPO on October 26th and plans to list before Thanksgiving in the US. (Source: Bloomberg)