ChainCatcher report: According to Robinhood’s official announcement, Robinhood Ventures Fund II (RVII) has finalized the pricing of its initial public offering, issuing 8 million shares of common stock at $25 per share. The fund’s total size is $225.5 million (before deducting underwriting discounts and offering expenses), and could reach up to $255.5 million if the underwriters fully exercise their option to purchase an additional 1.2 million shares. The shares are expected to begin trading on the New York Stock Exchange on August 13 under the ticker symbol RVII, with the offering anticipated to close on August 14. Goldman Sachs is acting as the lead bookrunner, with Citigroup, J.P. Morgan, UBS Investment Bank, and Wells Fargo Securities serving as co-bookrunners.
Robinhood Private Fund RVII Completes IPO Pricing, Raising Up to $255.5 Million
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Summary
Robinhood Ventures Fund II (RVII) has priced its IPO at $25 per share, offering 8 million units. The fund totals $225.5 million before expenses, with a potential $255.5 million if underwriters exercise their option to purchase an additional 1.2 million shares. Trading begins on August 13 on the NYSE under the ticker RVII, with the offering closing on August 14. Goldman Sachs led the underwriting, with Citigroup, J.P. Morgan, UBS, and Wells Fargo serving as co-underwriters. Investors evaluating the risk-to-reward ratio may find on-chain trading signals useful for timing entry points.
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