Robinhood Opens Private Markets to Retail Investors With $658M Venture Fund IPO
TL;DR
Robinhood debuted its flagship $658.4 million Robinhood Venture Fund (ticker RVI) on the NYSE, giving retail investors exposure to late-stage private tech names such as Databricks, Ramp and Revolut; the closed-end fund aims to broaden access to private assets amid soaring valuations, while the IPO priced at $25 per share and drew modest demand (12.6 million shares sold).
- Robinhood's $658 million private markets fund for retail investors goes public Reuters
- Robinhood Ventures Fund 1 access options Axios
- Robinhood's venture fund, which gives investors access to private companies, tanks 11% on first day CNBC
- Robinhood Ventures Fund I prices IPO at $25 per share (RVI:Pending) Seeking Alpha
- Robinhood brings private markets’ valuation problem to the masses Financial Times
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