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Robinhood Ventures Fund I (RVI) Announces Pricing of Initial Public Offering
Robinhood Ventures to launch RVI with a total fund size of $658.4 million or up to $705.7 million if the underwriter’s option to purchase additional common
About this update from Robinhood Markets, Inc.
[{"type":"text","content":"Robinhood Ventures to launch RVI with a total fund size of $658.4 million or up to $705.7 million if the underwriter’s option to purchase additional common shares is exercised in full\n MENLO PARK, Calif., March 06, 2026 (GLOBE NEWSWIRE) -- Today, Robinhood Ventures Fund I (RVI) 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. Investors can learn more by reading the registration statement. Goldman Sachs & Co. LLC is acting as sole bookrunner for the offering. A registration statement relating to the sale of common shares of beneficial interest of Robinhood Ventures Fund I was declared effective by the Securities and Exchange Commission on March 5, 2026. This offering is being made only by means of a final prospectus. Copies of the final prospectus related to the offering, when available, may be obtained by contacting Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, or by emailing [email protected]; or from RVI by emailing [email protected]. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of RVI before investing. The prospectus, which contains this and other information about RVI, should be read carefully before investing. This press release is being made pursuant to, and in accordance with, Rule 134 under the Securities Act of 1933, as amended, and shall not constitute an offer to sell or the so...