New LaunchAug 3, 2026, 12:50 PM
Robinhood Launches RVII Fund, IPOs Aug 13 at $25/Share
AI Summary
Robinhood announced the launch of Robinhood Ventures Fund II (RVII), a new Business Development Company (BDC) set to IPO on the NYSE on August 13 at an expected price of $25 per share. RVII aims to provide retail investors with access to a diversified portfolio of early-stage private companies, particularly those affiliated with Y Combinator, without accreditation requirements or investment minimums. The fund will trade under the symbol RVII, and the window for Robinhood Financial customers to request IPO shares closes on August 12.
Key Highlights
- Robinhood Ventures Fund II (RVII) to IPO on NYSE on August 13.
- Expected IPO price of RVII is $25 per share under the symbol RVII.
- RVII is a Business Development Company (BDC) providing exposure to private companies.
- Fund currently includes 80 private companies, focusing on Y Combinator-affiliated firms.
- Accessible to all investors with no accreditation requirements or investment minimums.
- Management fee includes a 2.00% annual base fee and a 20% incentive fee.
- Window to request IPO shares through Robinhood closes on August 12.
Price Impact
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