Robinhood Ventures Fund II (RVII) Announces Pricing of Initial Public Offering
Robinhood Markets' subsidiary, Robinhood Ventures, priced the IPO of its new BDC fund, RVII, at $25.00 per share, aiming to raise $225.5 million. The fund will provide retail investors exposure to a diversified portfolio of early-stage private companies, particularly those from the Y Combinator ecosystem, thereby expanding Robinhood's asset management footprint. Shares of RVII are expected to begin trading on the NYSE under the symbol RVII, with Goldman Sachs acting as lead bookrunner alongside Citigroup, J.P.
Key figures
- Rvii fund size max
- 255500000
- Rvii offering price
- 25
- Rvii shares offered
- 8000000
- Rvii fund size initial
- 225500000
- Rvii overallotment shares
- 1200000
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