Corporate ActionAug 13, 2026, 01:17 AM
Robinhood Ventures Fund II Prices IPO at $25.00/Share
AI Summary
Robinhood Ventures Fund II (RVII) announced the pricing of its initial public offering of 8,000,000 common shares at $25.00 per share. This IPO will raise $225.5 million, potentially increasing to $255.5 million if the underwriters exercise their option to purchase an additional 1,200,000 shares. The shares are set to begin trading on the NYSE today, August 13, 2026, under the ticker RVII, with the offering expected to close on August 14, 2026. RVII is structured as a Business Development Company (BDC) to offer retail investors access to early-stage private companies.
Key Highlights
- Robinhood Ventures Fund II priced its IPO of 8,000,000 common shares at $25.00 per share.
- The IPO brings the total fund size to $225.5 million, or up to $255.5 million if the option is exercised.
- Underwriters have a 30-day option to purchase up to an additional 1,200,000 common shares.
- Shares are expected to begin trading on the NYSE on August 13, 2026, under the symbol RVII.
- The offering is expected to close on August 14, 2026, subject to customary closing conditions.
- RVII is a Business Development Company (BDC) providing exposure to private companies.
Price Impact
More from HOOD