Robinhood's Second Venture Fund Raises $225.5M in NYSE Debut
On Thursday, Robinhood Ventures Fund II, which aims to give retail investors opportunities in early-stage private firms, set the price for its initial public offering at $25 per share for 8 million shares, totaling $225.5 million raised. The fund has commenced trading on the New York Stock Exchange with the ticker symbol RVII.
Key facts
- Robinhood Ventures Fund II priced its IPO of 8 million shares at $25 each.
- The fund raised $225.5 million.
- The fund began trading on the New York Stock Exchange under the ticker RVII.
- The fund is structured to give retail investors access to early-stage private companies.
- The IPO occurred on Thursday.
Entities
Institutions
- Robinhood Ventures Fund II
- New York Stock Exchange
Sources
- Quartz —