Aug. 3 at 8:50 PM
Robinhood Markets climbed in afternoon trading after launching the IPO roadshow for Robinhood Ventures Fund II (RVII), a new investment vehicle seeking to raise up to
$200 million by offering 8 million shares at
$25 each, with trading expected to begin on the NYSE on August 13. The fund is designed to expand retail investor access to early-stage private companies, a market traditionally dominated by institutional venture capital firms.
The announcement added to positive momentum following Robinhood's strong Q2 2026 results, which showed 32% year-over-year revenue growth to
$1.31 billion and EPS of
$0.62, up roughly 48% from a year earlier. The company's prediction markets business was a standout performer, with revenue surging more than 10-fold to
$156 million, becoming Robinhood's second-largest trading segment after options. Cantor Fitzgerald also reiterated its Overweight rating and
$115 price target, reinforcing bullish sentiment.
$HOOD