Movement Alert｜Robinhood Rises 3.13% in Pre-Market Trading, Closed-End Fund Acceleration and On-Chain Business Progress Boost Sentiment

Market Focus

Aug 21

On August 21, Robinhood rose 3.13% in pre-market trading, trading at 98.55 USD/share, with turnover of $11.39 million.

On the news front, Robinhood's second closed-end fund RVII completed its IPO pricing on August 14, issuing 8 million shares at $25 each with a total fund size of $225.5 million, potentially reaching $255.5 million if underwriters exercise their full option. Goldman Sachs served as lead bookrunner, with Citigroup, J.P. Morgan, UBS, and Wells Fargo as joint bookrunners. CFO Shiv Verma stated the company will accelerate the debut pace of publicly traded closed-end funds, making private market investments more accessible to retail customers.

Additionally, Robinhood Chain has generated $5 million in cumulative fee revenue in just over one month since launch, with daily transactions reaching 11.6 million and TVL rising to $473 million. Goldman Sachs recently raised its target price on Robinhood from $118 to $123, maintaining a Buy rating.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HOOD","symbol_name":"Robinhood","start_time":0,"source_url":"","article_id":"1113572952","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1113572952","pubTimestamp":1787299409,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On August 21, Robinhood rose 3.13% in pre-market trading, trading at 98.55 USD/share, with turnover of $11.39 million.On the news front, Robinhood's second closed-end fund RVII completed its IPO...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HOOD":"Robinhood"},"translate_title":"走势警报|Robinhood盘前交易上涨3.13%，封闭式基金加速和链上业务进展提振情绪","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HOOD":1},"content_text":"On August 21, Robinhood rose 3.13% in pre-market trading, trading at 98.55 USD/share, with turnover of $11.39 million.On the news front, Robinhood's second closed-end fund RVII completed its IPO pricing on August 14, issuing 8 million shares at $25 each with a total fund size of $225.5 million, potentially reaching $255.5 million if underwriters exercise their full option. 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