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 traders’ urge for food for riskier funding amid swirling geopolitical tensions.
The fund, which is trades underneath the ticker RVI, presents publicity to notable personal corporations equivalent to 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 traders, Robinhood CEO Vlad Tenev instructed CNBC’s “Squawk on the Avenue” on Friday.
“You’ve corporations which might be on the market at valuations within the tons of of billions, even moving into the trillions in personal markets earlier than retail traders get an opportunity to return in in any respect and that is taking place an increasing number of,” Tenev stated. “We’re making an attempt to resolve this by not simply opening the door to personal markets however fully blowing them off the hinges in order that they will by no means be closed.”
Retail traders can purchase and promote shares of the closed-end fund, which is structured like an funding agency, very like they’d shares of a conventional firm.
Nonetheless, the launch comes throughout a troublesome 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 may 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 round again round $22.12.
RVI had been final buying and selling at $22.17 per share.