Online lender SoFi to give IPO access to retail investors ...Middle East

Online lending startup Social Finance Inc (SoFi) will allow retail investors to buy into initial public offerings (IPOs) of companies, an investment opportunity traditionally reserved for large Wall Street investors. SoFi's Friday announcement comes a day after a Reuters report revealed that online brokerage Robinhood Markets was building a platform to "democratize" IPOs, including its own, that would allow users of its trading app to snap up shares alongside big funds.

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