Robinhood Ventures Fund II Launches 8 Million Share IPO

Robinhood Ventures Fund II announced a roadshow for an initial public offering of up to 8 million common shares of beneficial interest. The shares are priced at $25.00 per share and are expected to list on the New York Stock Exchange under the ticker symbol RVII.

The offering consists of up to 7.6 million shares from the fund and up to 400,000 shares from Robinhood Markets Inc. The request window for the offering is scheduled to close on August 12. Underwriters have also been granted a 30-day option to purchase an additional 1.2 million shares.

Goldman Sachs & Co. LLC is serving as the lead bookrunner. Other joint bookrunners for the IPO include Citigroup, J.P. Morgan, UBS Investment Bank, and Wells Fargo Securities.