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Eligible US retail investors can now request IPO share allocations in Coinbase's app at the offering price before public trading begins, with Oura as the first offering. Requests may be filled in full, in part, or not at all.
Why it matters
The launch extends Coinbase's brokerage reach beyond crypto trading and gives retail users a direct route into IPO allocation requests through a familiar app. The access is conditional: requesting shares does not guarantee an allocation, and demand can be met partially or not at all.
Market impact
Coinbase Capital Markets, a FINRA-registered broker-dealer, provides the service. Apex Clearing Corporation handles execution, clearing, and custody, separating the customer-facing experience from the back-end market infrastructure.
Investors who sell allocated IPO shares within the first 30 days may be barred from participating in subsequent IPOs for 60 days. That restriction makes the product an access tool with defined participation rules, rather than a guaranteed path into new listings.
Source: [You can now participate in IPOs on Coinbase](https://www.coinbase.com/zh-cn/blog/you-can-now-participate-in-ipos-on-coinbase)
Frequently asked questions
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Which IPO is Coinbase using to launch its retail access service?
Coinbase is starting the service with Oura's IPO this week.
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Can Coinbase users guarantee an IPO share allocation?
No. Requests may be filled in full, in part, or not at all, so submitting a request does not guarantee an allocation.
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When can investors request shares through Coinbase?
Eligible US retail investors can request shares at the offering price before public trading begins.
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Who provides the brokerage and clearing services?
Coinbase Capital Markets, a FINRA-registered broker-dealer, provides the service. Apex Clearing handles execution, clearing, and custody.
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What happens if an investor sells IPO shares within 30 days?
The investor may be barred from participating in subsequent IPOs for 60 days.
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