Today, Robinhood Ventures Fund I (RVI) announced the launch of the roadshow for its initial public offering of common shares of beneficial interest.

RVI has filed a registration statement on Form N-2 with the U.S. Securities and Exchange Commission to offer 40,000,000 common shares of beneficial interest at an expected initial public offering price of $25 per share. The offering consists of 35,000,000 common shares of beneficial interest being offered by RVI and 5,000,000 common shares of beneficial interest being offered by Robinhood Markets, Inc.

In addition, RVI intends to grant the underwriter a 30-day option to purchase up to an additional 6,000,000 common shares of beneficial interest.

RVI will not receive any of the proceeds from the sale of shares by the Selling Shareholder.

The shares are expected to be listed on the New York Stock Exchange (NYSE) under the symbol RVI.

Robinhood Markets CEO Vlad Tenev, Robinhood Markets CFO Shiv Verma, and Robinhood Ventures Fund I (RVI) President Sarah Pinto will participate in a livestreamed presentation today, Feb. 17 at 10 a.m. PT / 1 p.m. ET. The livestream will be available directly in the Robinhood app, X, and on YouTube.

Goldman Sachs & Co. LLC is acting as sole bookrunner for the proposed offering.