A Robinhood sign during a media event at John F. Kennedy International Airport (JFK) in New York, USA, on Wednesday, March 4, 2026.
Adam Gray | Bloomberg | Getty Images
Robinhood’s Venture Fund I plunged 11% in its public market debut on the New York Stock Exchange on Friday, raising questions about investors’ appetite for riskier investments amid geopolitical tensions.
The fund trades under the ticker RVI and offers exposure to prominent private companies such as financial services company Revolut and software company Databricks. Robinhood CEO Vlad Tenev told CNBC’s “Squawk on the Street” on Friday that the company aims to democratize access to areas of the capital markets that have often been off-limits to retail investors.
“We have companies going public with valuations in the hundreds of billions of dollars and even reaching trillions of dollars in the private market before retail investors have had a chance to enter at all. This is happening more and more,” Tenev said. “We’re trying to solve this problem by not only opening the door to the civilian market, but blowing the door completely off its hinges so it can never close.”
Individual investors can buy and sell shares in closed-end funds structured like investment companies, just as they would buy and sell shares in traditional companies.
However, this launch comes at a difficult time for the public market. Major U.S. stock averages are on track for a weekly decline as traders sell stocks on concerns that the conflict between the U.S. and Iran could last longer than expected.
Robinhood Ventures Fund’s initial public offering price was $25 per share. It opened at $22, hit a low of $21, and traded around $22.12.
RVI’s last traded price was $22.17 per share.
