Wall Street Courts Retail Traders to Supercharge IPOs

Retail traders, long considered dumb money by Wall Street, have changed investment dynamics in everything from individual stocks to crypto to one-day options. Now they're throwing their weight around in the IPO market — and companies are welcoming them with open arms.

Moomoo clients alone put in orders for more than $225 million, the brokerage firm's US chief executive Neil McDonald said.

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