FINWIRES · TerminalLIVE
FINWIRES

Robinhood Ventures Fund II Launches IPO Roadshow for 8 Million Shares, With Expected Price of $25 Each

By

Robinhood Markets (HOOD) said Monday that Robinhood Ventures Fund II is launching a roadshow for its initial public offering.

The fund has filed a registration statement with the US Securities and Exchange Commission to offer up to 8 million common shares of beneficial interest at an expected price of $25 per share, with the window to request IPO shares likely to close on Aug. 12, the company said.

The fund also intends to grant the underwriters a 30-day overallotment option to purchase up to an additional 1.2 million common shares of beneficial interest, the company said.

The shares are expected to be listed on the New York Stock Exchange under the symbol "RVII," the company added.

Price: $85.48, Change: $-1.08, Percent Change: -1.25%

Related Articles

Wire

Top Cryptocurrencies Lower; Bitcoin Drops Below $63,000 Level

Major digital assets were weaker Friday, with Bitcoin (BTC-USD) dropping below the $63,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 2.3% in the past 24 hours. The Nasdaq rose 1%, the S&P 500 added 0.9%, and the Dow Jones Industrial Average increased 0.8%.Bitcoin fell 2.8% to $62,936, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 9.9% to $30.99 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, was down 2.9% to $1,866.XRP (XRP-USD) lost 2.2%, BNB (BNB-USD) decreased 1%, and Solana (SOL-USD) fell 1.9%. Dogecoin (DOGE-USD) dropped 1.3%, while Cardano (ADA-USD) declined 1.3%.The total market value of the cryptocurrency industry dropped 2.3% in the past 24 hours to $2.16 trillion, with trading volume rising 6.5% to $66.73 billion.Price: $62953.31, Change: $-1770.72, Percent Change: -2.74%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD
Wire

Apple Faces Supply Constraints, Currency Drag in Q4 Amid AI Strategy Questions, UBS Says

Apple (AAPL) faces currency headwinds and tightening memory-supply conditions that are expected to weigh on iPhones, Macs and iPads in fiscal Q4, UBS Securities said Thursday in a report.The company's "lack of a robust AI strategy remains a challenge" amid "limited estimate upside and an elevated valuation," the report said.Foreign-exchange fluctuations are expected to trim Q4 growth by 250 basis points, the report said. Apple expects gross margin of 47% to 48%, including a 100 basis point tariff refund, and UBS projects the figures to drop to 45.9% in the following quarter as the tariff benefit fades."Investor fund flows could shift back toward hyperscalers, semiconductors, and networking and optical companies, capping Apple's valuation multiples," the report said.UBS maintained its neutral rating on Apple stock with a $296 price target.Price: $306.87, Change: $-26.56, Percent Change: -7.97%

$AAPL
Wire

Update: Market Chatter: KKR Nears Deal to Acquire Integer

(Updates to add KKR's response in the fourth paragraph.)KKR (KKR) is nearing a deal to acquire Integer (ITGR), valuing the medical-device outsourcing company at about $127 a share, The Wall Street Journal reported Friday, citing people familiar with the matter.The deal could be announced as soon as next week, the report said, adding that there are no guarantees that a deal will materialize.Shares of Integer were up 20.2% in Friday trading.A spokesperson for KKR declined to comment, while Integer did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $101.52, Change: $+0.54, Percent Change: +0.53%

$ITGR$KKR