Robinhood Ventures Fund I (RVI) Announces Launch of Initial Public Offering

Core Viewpoint - Robinhood Ventures Fund I (RVI) is launching its initial public offering (IPO) of common shares, aiming to offer 40,000,000 shares at an expected price of $25 per share [2]. Group 1: IPO Details - RVI has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for the IPO [2]. - The offering includes 35,000,000 shares from RVI and 5,000,000 shares from Robinhood Markets, Inc. as the Selling Shareholder [2]. - RVI plans to grant the underwriter a 30-day option to purchase an additional 6,000,000 shares [2]. - The shares are expected to be listed on the New York Stock Exchange (NYSE) under the symbol RVI [2]. Group 2: Presentation and Underwriting - A livestreamed presentation featuring Robinhood Markets CEO Vlad Tenev, CFO Shiv Verma, and RVI President Sarah Pinto is scheduled for today [3]. - Goldman Sachs & Co. LLC is acting as the sole bookrunner for the proposed offering [3]. Group 3: Regulatory Information - The registration statement for the proposed sale has been filed but is not yet effective, meaning securities cannot be sold or offers accepted until it becomes effective [4]. - The offering will be made only by means of a prospectus that is part of the registration statement [5].