Robinhood Ventures Fund I Launches IPO For 40 Mln Shares, Targets $25 Per Share

Robinhood Ventures Fund I (RVI) announced the launch of the roadshow for its initial public offering of common shares of beneficial interest. The fund has filed a registration statement with the U.S. Securities and Exchange Commission to offer 40 million shares at an expected IPO price of $25 per share. The offering includes 35 million shares to be issued by the fund and 5 million shares to be sold by Robinhood Markets Inc., the selling shareholder. RVI also plans to grant the underwriter a 30-day option t ...