Jim Cramer is one of the most watched market commentators on television, and he doesn’t shy away from sharing his opinion, no matter how much criticism he faces.
A well-known figure on Wall Street, he is a former hedge fund manager who gained wide fame for hosting the shows “Mad Money” and “Squawk on the Street” on CNBC.
Whether it’s equities, commodities, or novel assets like cryptocurrencies, Cramer frequently talks about major developments in global markets.
So, when there is a new initial public offering (IPO) in the US market, he cannot resist commenting.
Robin Hood Markets (NASDAQ: HOOD) is a Menlo Park, California-based e-commerce platform best known for its crypto and tokenized stock offerings.
Founded in 2013 by Stanford graduates Vladimir Tenev and Biju Bhatt, the company went public in 2021. In September last year, it also outperformed the S&P 500 index.
Robinhood Ventures, a wholly owned subsidiary of Robinhood Markets, is an investment advisor registered with the Securities and Exchange Commission (SEC).
One of these fund offerings is Robinhood Venture Fund I (RVI). It is a closed-end fund that aims to offer retail investors access to a basket of private equity firms. The structure of the fund is:
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Databricks, a data analytics and AI company: 23.24%
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Revolut, a fintech company: 14.30%
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Mercure, an AI-based recruitment company: 14.23%
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Aerolux, a fintech company: 7.11%
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Boom Supersonic, an aerospace company: 7.11%
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Aura, a smart ring maker: 7.11%
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Ramp, a fintech company: 7.11%
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Cash and cash equivalents: 19.78%
On March 6, Robin Hood Ventures Fund I announced an IPO price of 12,615,608 common shares at $25 each. The target is to raise $658.4 million, or up to $705.7 million if the underwriters exercise their option to buy additional shares.
Robin Hood Ventures Fund I is offering all shares, which are expected to begin trading on the New York Stock Exchange (NYSE) on March 6 under the symbol “RVI” and close on March 9.
RVI has granted the underwriters a 30-day option to purchase up to an additional 1,892,341 shares. Goldman Sachs & Co. LLC is acting as the sole book seller for the Offer.
Reacting to the recent IPO, Jim Cramer wrote just one word on X on March 6: “innovation.”
Cramer’s response is notable because Robin Hood Ventures Fund I is truly a new fund in that it opens venture-style investments to retail investors through a publicly traded vehicle.
Traditionally, only hedge funds, large financial institutions, and high net worth individuals (HNIs) have invested in private equity firms. RVI aims to disrupt tradition and allow even ordinary retail investors to gain exposure to private companies by purchasing shares of the fund.
RELATED: Robin Hood Announces TestNet Launch for Its Brand New Chain
This story was originally published by The Street on March 6, 2026, where it first appeared in the Markets section. Add TheStreet as a Favorite Source by clicking here.
