Robinhood’s $225.5M venture fund opens below IPO price
Robinhood’s $225.5M venture fund opens below IPO price
RVII raised $225.5 million after offering 8 million shares at $25 each.The fund opened at $22.50 on the NYSE, 10% below its IPO price.Its portfolio targets early- and growth-stage companies connected to Y Combinator.Retail investors can buy RVII shares without investing directly in its private holdings.