Robinhood Ventures Fund I announces pricing of IPO
Robinhood Ventures Fund I (RVI) today 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 $658.4 million (or up to $705.7 million if the underwriter’s option to purchase additional common shares is exercised in full.)
The total fund size is calculated before deducting the sales load and offering expenses. All of the shares are being offered by RVI.
The shares are expected to begin trading on the New York Stock Exchange (NYSE) on March 6, 2026 under the symbol RVI, and the offering is expected to close on March 9, 2026, subject to the satisfaction of customary closing conditions.
RVI has granted the underwriter a 30-day option to purchase up to an additional 1,892,341 common shares of beneficial interest.
RVI is a closed-end fund that provides retail investors exposure to a concentrated portfolio of private companies.
Goldman Sachs & Co. LLC is acting as sole bookrunner for the offering.
