Jim Cramer is one of the most watched market commentators on television and does not shy away from sharing his views, no matter how much criticism he faces.
A well-known figure on Wall Street, he is a former hedge fund manager who gained widespread popularity for hosting the shows “Mad Money” and “Squawk on the Street” on CNBC.
Whether it’s stocks, commodities, or hot new assets like cryptocurrencies, Cramer frequently talks about important developments in global markets.
That’s why when there’s a new initial public offering (IPO) in the US market, you can’t resist commenting.
Robinhood Markets (Nasdaq: HOOD) is an e-commerce platform based in Menlo Park, California, best known for its crypto and tokenized stock offerings.
Founded by 2013 Stanford graduates Vladimir Tenev and Baiju Bhatt, the company went public in 2021. In September last year, it also entered the S&P 500 index.
Robinhood Ventures, a wholly owned subsidiary of Robinhood Markets, is a registered investment advisor with the Securities and Exchange Commission (SEC).
One of its fund offerings is Robinhood Ventures Fund I (RVI). It is a closed-end fund that aims to offer retail investors exposure to a basket of private companies. The composition of the fund is:
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Databricks, data analytics and AI firm: 23.24%
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Revolut, a fintech: 14.30%
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Mercor, AI-based recruiting company: 14.23%
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Airwallex, a fintech firm: 7.11%
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Boom Supersonic, aerospace company: 7.11%
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Oura, maker of smart rings: 7.11%
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Ramp, fintech: 7.11%
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Cash and cash equivalents: 19.78%
On March 6, Robinhood Ventures Fund I announced the pricing of its initial public offering of 12,615,608 common shares at $25 each. The goal is to raise $658.4 million, or up to $705.7 million if the underwriters exercise their option to purchase additional shares.
All shares are offered by Robinhood Ventures Fund I, which is expected to begin trading on the New York Stock Exchange (NYSE) under the symbol “RVI” on March 6 and close on March 9.
RVI has granted the underwriter a 30-day option to purchase up to 1,892,341 additional common shares. Goldman Sachs & Co. LLC is acting as sole underwriter for the offering.
Reacting to the latest IPO, Jim Cramer wrote just one word in X on March 6: “new.”
Cramer’s response is noteworthy because Robinhood Ventures Fund I is indeed a novel fund because it opens up venture capital-style investing to retail investors through a publicly traded instrument.
Traditionally, only venture capital funds, large financial institutions and high net worth individuals (HNIs) invest in private companies. RVI aims to disrupt tradition and allow even ordinary retail investors to gain exposure to private companies by purchasing fund shares.
Related: Robinhood announces testnet launch for its new chain
This story was originally published by TheStreet on March 6, 2026, where it first appeared in the MARKETS section. Add TheStreet as a preferred source by clicking here.