Robinhood is raising capital for a new ambition: giving retail investors access to the most important private companies in the world.
What’s happening:
- Robinhood (NASDAQ: HOOD) has officially started raising capital for the IPO of Robinhood Ventures Fund I
By the numbers:
- Robinhood Ventures Fund I is issuing 40M common shares at a price of $25.00 USD as part of the IPO financing round
Why it matters:
- Robinhood Ventures Fund I is aiming to give retail investors access to private companies that are raising venture capital funding and have traditionally been unavailable to individual investors
Going deeper:
- Robinhood has publicly stated they plan to list Robinhood Ventures Fund I on the New York Stock Exchange following final regulatory approval from the United States Securities and Exchange Commission
- The IPO financing round for Robinhood Ventures Fund I is being led by Goldman Sachs
