Robinhood Ventures Fund I has submitted a registration statement to the Securities and Exchange Commission proposing an offering of 40 million common shares of beneficial interest, with an anticipated price of $25 per share, the company said.
The planned sale breaks down into 35 million shares offered by RVI and 5 million shares from Robinhood Markets Inc. (HOOD), which is identified as the selling shareholder. In addition, RVI will give the underwriting group a 30-day option to buy as many as 6 million more shares.
Goldman Sachs & Co. LLC will act as sole bookrunner for the proposed offering. The company indicated the shares are expected to be listed on the New York Stock Exchange under the ticker symbol RVI.
Robinhood Markets CEO Vlad Tenev, CFO Shiv Verma, and RVI President Sarah Pinto hosted a livestreamed presentation on February 17. The presentation was made available to viewers through the Robinhood app as well as via X and YouTube.
Robinhood Ventures - a wholly owned subsidiary of Robinhood Markets and an SEC-registered investment adviser - serves as the investment adviser to RVI, the filing states.
The registration statement has been filed but has not yet become effective. The company emphasized that the securities cannot be sold until the registration statement becomes effective, and that any offering will be made only by means of a prospectus that is part of the registration statement.
Context on investor risk
The filing includes a firm disclosure that investment in the fund involves speculation and high risk, with a substantial risk of loss.
Promotional disclosure appearing in the filing material:
ProPicks AI evaluates HOOD alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias - it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%).
Readers are invited to see whether HOOD is currently featured in any ProPicks AI strategies, or whether there are alternative opportunities in the same space.
What to know next
- The registration statement remains filed but not effective - no sales may be completed until effectiveness is declared.
- Proceeds from shares sold by the selling shareholder will not flow to the fund.
- The offering will be conducted only through the prospectus contained within the registration statement.