Why Robinhood (HOOD) rose 4.13% on August 3, 2026

Robinhood (HOOD) rose 4.13% on August 3, 2026 — IPO share requests on Robinhood Ventures launch today.

Robinhood opened access to IPO share requests for Robinhood Ventures Fund II (RVII), allowing retail customers to request shares in the fund starting today.

Expanded IPO access increases platform engagement and trading volume, deepening customer lock-in and monetization through commissions and premium tier adoption—a classic Robinhood growth vector.

As a crypto-native brokerage, Robinhood is capitalizing on retail appetite for alternative assets and early-stage allocation, positioning itself as the destination for self-directed, trend-driven investors in the crypto…

If IPO demand is weak, the offering undersubscribed, or retail participation does not translate to sustained trading activity, the platform-growth catalyst loses traction.