Robinhood Is Taking Its Venture Fund Public — AgainEnglish 繁體中文日本語한국어ไทยPortuguêsItalianoDeutschFrançaisEspañolRobinhood is bringing a second venture fund to the public market. Robinhood Ventures Fund II, ticker RVII, is expected to list on the New York Stock Exchange on August 13 at $25 a share, with the window to request IPO shares closing August 12. The pitch is access: private startups have historically been walled off from ordinary investors, and Robinhood is tearing down the wall. The Precedent: RVI Soared, and That’s the ProblemRobinhood Ventures Fund I is the tell, and its full arc is the warning. The fund’s structure guarantees that its price and its value can diverge sharply, and the first fund proved they will.