BREAKING: $HOOD (-0.84%) announces that they have filed with the SEC to launch Robinhood Ventures Fund I (RVI), a concentrated portfolio of innovative private companies leading their industries.
Well folks, looks like Robinhood is going to IPO a fund that allows retail to invest in the best private companies...
“For decades, wealthy people and institutions have invested in private companies while retail investors have been unfairly locked out. With Robinhood Ventures, everyday people will be able to invest in opportunities once reserved for the elite,” said Robinhood Chairman and CEO Vlad Tenev.
Robinhood. Is. Not. Stopping.