Robinhood Ventures Fund I Files 40M-Share IPO at $25
Robinhood Ventures Fund I filed a Form N-2 registration to offer 40 million shares at $25 in an IPO, including 35 million by the fund and 5 million by Robinhood Markets with a 30-day option on 6 million additional shares. Goldman Sachs is sole bookrunner for the NYSE-listed RVI offering.
1. IPO Filing
Robinhood Ventures Fund I submitted a Form N-2 registration to launch an initial public offering of 40 million shares priced at $25 each, targeting approximately $1 billion in gross proceeds before expenses.
2. Offer Structure
The offering consists of 35 million shares sold directly by Robinhood Ventures Fund I and 5 million shares sold by Robinhood Markets, Inc., with underwriters granted a 30-day option to purchase up to 6 million additional shares.
3. Underwriting and Listing
Goldman Sachs & Co. LLC is acting as sole bookrunner and plans to list the shares on the New York Stock Exchange under the symbol RVI once the registration statement becomes effective.