NEW YORK, Feb 17, 2026, 10:58 EST — Regular session
- Robinhood shares trade lower as U.S. markets reopen after the long weekend
- Company-backed Robinhood Ventures Fund I kicks off IPO marketing ahead of a planned NYSE listing
- Traders watch a company webcast later Tuesday and the next swing in crypto prices
Robinhood Markets (HOOD.O) shares fell on Tuesday, down 1.7% at $74.67 in morning trade.
The stock move came as the company said Robinhood Ventures Fund I has launched a roadshow — a marketing tour ahead of an initial public offering — as it targets a New York Stock Exchange listing. (GlobeNewswire)
The fund is a different vehicle from Robinhood’s core brokerage business, but it puts another product on the shelf at a time when investors are asking how much of Robinhood’s growth can come from outside crypto-driven trading spikes.
Robinhood Ventures Fund I said it aims to sell 40 million shares at an expected $25 per share. The deal includes 35 million shares from the fund and 5 million shares offered by Robinhood as the selling shareholder, with a 30-day option for underwriters to buy up to 6 million more shares. (Investing)
The shares are expected to list on the NYSE under the symbol RVI, with Goldman Sachs as sole bookrunner, the company said. (Businessinsider)
Crypto stayed in focus. Bitcoin slipped 0.2% to about $67,336, while Coinbase rose 1.2% in the same window.
U.S. markets reopened on Tuesday after the Presidents Day holiday shutdown on Monday. (New York Stock Exchange)
Robinhood’s latest quarterly report — issued last week — showed record revenue but missed estimates as crypto trading slowed. Finance chief Shiv Verma told Reuters at the time that “the active traders were still really active,” but many were on lower pricing tiers. (Reuters)
Still, the venture-fund offering is not a done deal. The fund’s SEC filing warns the shares may not be sold until the registration statement becomes effective, and notes that closed-end funds often trade below net asset value — the value of their holdings per share — which can hit investors who buy expecting a quick flip. (SEC)
Next up: Robinhood Markets CEO Vlad Tenev, CFO Shiv Verma and the fund’s president are scheduled to appear in a livestreamed presentation at 1 p.m. ET on Tuesday as part of the roadshow kickoff, a session investors will watch for timing, fees and how the venture product fits into the company’s broader push beyond trading commissions. (MarketScreener)
