Robinhood Ventures Fund II launches IPO for 8,000,000 shares at expected USD 25 each
HOOD•Robinhood Ventures Fund II launches IPO roadshow
Robinhood Ventures Fund II, a Robinhood-managed closed-end fund structured as a BDC, launched an IPO roadshow targeting USD 25 per share.
- The offering is set at up to 8,000,000 common shares of beneficial interest; 7,600,000 issued by the fund and 400,000 sold by Robinhood Markets.
- Underwriters have a 30-day option to buy up to 1,200,000 additional shares from the fund.
- The IPO share request window is expected to close Aug. 12, and shares are expected to list on the NYSE under ticker RVII.
