Robinhood Ventures Fund II targets NYSE IPO Aug. 13 at expected price of $25 per share
HOOD•RVII plans NYSE IPO on Aug. 13
Robinhood launched Robinhood Ventures Fund II (RVII), a business development company, with an IPO set for Aug. 13 on the NYSE.
RVII is expected to price at USD 25 per share under the ticker RVII.
Retail access and fee structure
Robinhood Financial customers can request IPO shares through Robinhood, with the request window expected to close Aug. 12.
RVII will charge a 2% annual base management fee on net assets, with a 20% incentive fee on realized gains.
Fund holdings and investment focus
The fund holds stakes in 80 early-stage private companies, targeting seed investments with a focus on Y Combinator-linked founders.
