Coinbase Brings Retail IPO Allocations to App, Tightens Flip Rules

Coinbase has introduced retail IPO allocations via its app for eligible US customers. The exchange is offering selected IPOs at the offer price before public-market trading begins, with the debut on Oura's IPO later this week.

The service is delivered through Coinbase Capital Markets, a FINRA-registered broker-dealer, which aggregates orders and routes them via its clearing partner Apex Clearing Corporation. The allocation framework prioritizes longer holding periods: customers who sell within 30 days may be barred for the next 60 days, and repeated early selling can reduce allocation size and frequency.

Coinbase Capital Markets will act as a best-efforts selling-group member, without underwriting or holding inventory. This development follows June's launch of pre-IPO perpetual futures, which began with a SpaceX-linked contract.