Vlad Tenev, chairman and CEO of Robinhood Markets, rings the Opening Bell with Robinhood Ventures Fund I on the New York Inventory Alternate on March 6, 2026.
NYSE
Robinhood’s Enterprise Fund I plunged 11% in its public market debut on the New York Inventory Alternate on Friday, casting doubt on buyers’ urge for food for riskier funding amid swirling geopolitical tensions.
The fund, which trades underneath the ticker RVI, gives publicity to notable personal firms resembling monetary companies agency Revolut and software program firm Databricks. It goals to democratize entry to an space of capital markets that has usually been off-limits to retail buyers, Robinhood CEO Vlad Tenev instructed CNBC’s “Squawk on the Road” on Friday.
“You might have firms which can be on the market at valuations within the a whole lot of billions, even moving into the trillions in personal markets earlier than retail buyers get an opportunity to return in in any respect, and that is occurring increasingly more,” Tenev stated. “We’re making an attempt to resolve this by not simply opening the door to personal markets however utterly blowing them off the hinges in order that they’ll by no means be closed.”
Retail buyers should buy and promote shares of the closed-end fund, which is structured like an funding agency, very similar to they’d shares of a conventional firm.
Nevertheless, the launch comes throughout a tricky time for public markets. The foremost U.S. inventory averages are on tempo for weekly declines as merchants promote equities on fears the U.S.-Iran battle might proceed longer than anticipated.
Robinhood Ventures Fund priced its preliminary public providing at $25 per share. It opened at $22 and hit a low of $21 earlier than buying and selling again round $22.12.
RVI closed Friday at $21 per share.
