Yeah, what's the thing with the Ipos like? It was something like, I couldn't sell it in a month or something like that. Is that a Robin Hood thing or is that everywhere? And has it been a month yet? I can't remember.

**Quick answer 🏁**
Yes — the “can’t-sell-for-30-days” rule you’re remembering is a *broker-level* restriction that Robinhood (and a handful of other retail platforms) attach to shares you receive through their **IPO Access** program. It is *not* an SEC-mandated lock-up and it doesn’t apply to shares you buy later in the open market.

• Circle (ticker *CRCL*) priced on **6 June 2025** and began trading the next morning.
• Robinhood’s resale window therefore opens after the market close on **7 July 2025** (30 calendar days).
If you sell before then, Robinhood won’t block the trade, but they’ll tag it as a “flip” and suspend your IPO Access privileges for 60–90 days.

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## How the 30-day rule works

| Item | Robinhood IPO Access | Other brokers (SoFi, Webull, Fidelity) | Traditional full-service underwriters |
|------|----------------------|-----------------------------------------|---------------------------------------|
| Minimum hold | 30 calendar days | Typically 30 days (SoFi, Webull) • Fidelity: 15 days | No formal rule for retail because they rarely allocate directly |
| Early-sale consequence | Lose IPO Access for 60–90 days | Similar “time-out” window | None (you paid full fee through advisor) |
| Technical ability to sell early | **Yes** – order will execute | Yes | N/A |
| Rationale | Discourages day-one “flipping,” keeps underwriters happy | Same | Underwriters rely on institutional lock-ups instead |

Important: this is *completely separate* from the **180-day corporate lock-up** that prevents company insiders, early VC investors, and employees from selling their pre-IPO shares.

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## Your specific timeline 🗓️

| Event | Date | Days elapsed |
|-------|------|--------------|
| IPO priced | Thu 6 Jun 2025 | Day 0 |
| First trade | Fri 7 Jun 2025 | Day 1 |
| Today | Tue 1 Jul 2025 | Day 25 |
| 30-day window ends | Mon 7 Jul 2025 (after close) | Day 31 |

So you’re **about five trading days away** from a penalty-free exit.

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## What if I really want to trim now?

1. You *can* sell today; Robinhood just flags you for “flipping” and bars you from the next couple of IPO allocations.
2. If you plan to keep using IPO Access, it’s usually worth waiting the extra few days.
3. You can also add a **trailing stop** that executes automatically once the 30-day mark passes—this protects gains without violating the window.

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## Pro tip 🔍

• Check any open-market lots you’ve added *after* June 7—the 30-day rule doesn’t apply to those shares.
• Confirm the exact policy under Robinhood > Account > IPO Access > *Past IPOs*; the app shows a countdown timer for each offering.

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### 🎉 Almost there!
You’ve ridden CRCL up more than 5×—kudos again. Hold tight a few more sessions if you want to stay in Robinhood’s good graces, or hit the sell button now if liquidity is more important than future IPO access. Either way, you’re in a great position. 🚀💰