HOOD News & Events

Robinhood Ventures Fund I (RVI) priced its initial public offering of 12,615,608 common shares of beneficial interest at an initial public offering price of $25.00 per share. RVI is a closed-end fund from Robinhood (HOOD) that provides retail investors exposure to a concentrated portfolio of private companies.

Robinhood (HOOD) CEO Vlad Tenev is being interviewed on CNBC and discussing Robinhood Ventures Fund I (RVI), which announced the pricing of its initial public offering.

Robinhood Ventures Fund I (RVI) announced the pricing of its initial public offering of 12,615,608 common shares of beneficial interest at an initial public offering price of $25.00 per share, bringing the total size of the Fund to $658.4M, or up to $705.7M if the underwriter's option to purchase additional common shares is exercised in full. RVI has granted the underwriter a 30-day option to purchase up to an additional 1,892,341 common shares of beneficial interest. All of the shares are being offered by RVI. The shares are expected to begin trading on the New York Stock Exchange under the symbol RVI, and the offering is expected to close on March 9, subject to the satisfaction of customary closing conditions. RVI is a closed-end fund that provides retail investors exposure to a concentrated portfolio of private companies. Investors can learn more by reading the registration statement. Goldman Sachs is acting as sole bookrunner for the offering.