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Mar 6, 2026 12:00 PM

Robinhood Takes Venture Capital Public With New Fund IPO

Robinhood Markets Inc. (NASDAQ:HOOD) is taking its venture ambitions public.

Robinhood Ventures Fund I priced its initial public offering Friday at $25.00 per share. The Menlo Park-based fund is raising $658.4 million in total proceeds.

Shares are expected to begin trading on the NYSE on Friday under the ticker symbol RVI.

What RVI Is, and Who It’s For

RVI is a closed-end fund. It gives retail investors exposure to a concentrated portfolio of ...