Business
Introducing Robinhood Ventures Fund I (RVI)
Starting today, customers can request IPO shares of Robinhood Ventures Fund I (RVI) at an expected price of $25 per share–the Fund is expected to IPO in the
About this update from Robinhood Markets, Inc.
[{"type":"text","content":"Starting today, customers can request IPO shares of Robinhood Ventures Fund I (RVI) at an expected price of $25 per share–the Fund is expected to IPO in the coming weeks on the New York Stock Exchange\n MENLO PARK, Calif., Feb. 17, 2026 (GLOBE NEWSWIRE) -- For too long, private markets have been out of reach to everyday investors. At Robinhood, we believe access shouldn’t be limited to a select few. Today, we’re announcing that Robinhood Ventures Fund I (RVI), the first fund from Robinhood Ventures, is expected to IPO in the coming weeks on the New York Stock Exchange (NYSE) under the symbol RVI. Customers can request IPO shares of RVI through Robinhood at an expected price of $25 per share. RVI is a closed-end fund that provides retail investors exposure to a concentrated portfolio of private companies including Airwallex, Boom, Databricks, Mercor, Oura, Ramp, and Revolut with additional companies expected to be added over time. For example, we have entered into an agreement to buy shares of Stripe that we expect will close after the IPO. “Opening up private markets will resolve one of the greatest longstanding inequities in capital markets today, and we’re excited to bring these opportunities to all with Robinhood Ventures Fund I,” said Robinhood CEO Vlad Tenev. Unlike many traditional private market vehicles, RVI is designed to be accessible to all investors, with no accreditation requirements, no investment minimums, a competitive management fee, no performance fees, and daily liquidity as a publicly traded fund on the NYSE. RVI pays Robinhood Ventures, the investment adviser, a management fee at an annual rate of 2.00% of net assets, calculated and payable quarterly. To further lower costs for investors at launch, the management fee is reduced to 1.00% for the first six months immediately following RVI’s initial public offering. The Fund does not have a performance fee. How to Participate Starting today, customers can request IPO shares of RVI through Robinhood’s IPO Access technology. Through Robinhood, customers will be able to: Learn about RVI and its initial portfolio companies(Pre-IPO) Submit an offer to buy shares of RVI(Post-IPO) Buy and sell shares of RVI with daily liquidity(Post-IPO) Track performance over time Following the IPO, investors will also be able to buy and sell RVI through other brokerages. Why Now?The...