Jim Cramer has one-word response to new Robinhood IPO

Jim Cramer is 1 of the astir watched marketplace commentators connected television, and helium doesn't shy distant from sharing his views, nary substance however overmuch disapproval helium faces.

A well-known fig connected Wall Street, helium is simply a erstwhile hedge money manager who gained wide popularity for hosting the shows "Mad Money" and "Squawk connected the Street" connected CNBC.

Whether it's equities, commodities, oregon caller assets similar cryptocurrencies, Cramer often talks astir large developments successful the planetary markets.

So, erstwhile determination is simply a caller archetypal nationalist offering (IPO) successful the U.S. market, he can't defy commenting.

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Robinhood Markets (Nasdaq: HOOD) is a Menlo Park, California-based e-trading level that is champion known for crypto and tokenized banal offerings.

Founded by Stanford graduates Vladimir Tenev and Baiju Bhatt successful 2013, the institution went nationalist successful 2021. In September past year, it besides made it to the S&P 500 index.

Robinhood Ventures, a wholly owned subsidiary of Robinhood Markets, is an concern adviser registered with the Securities and Exchange Commission (SEC).

One of its money offerings is Robinhood Ventures Fund I (RVI). It is a closed-end money that aims to connection retail investors vulnerability to a handbasket of backstage companies. The creation of the money is:

• Databricks, a information analytics and AI firm: 23.24%

• Revolut, a fintech firm: 14.30%

• Mercor, an AI-based hiring firm: 14.23%

• Airwallex, a fintech firm: 7.11%

• Boom Supersonic, an aerospace company: 7.11%

• Oura, a astute ringing maker: 7.11%

• Ramp, a fintech firm: 7.11%

• Cash and currency equivalents: 19.78%

On March 6, Robinhood Ventures Fund I announced the pricing of its IPO of 12,615,608 communal shares astatine $25 apiece. The extremity is to rise $658.4 million, oregon up to $705.7 cardinal if the underwriters exercise their enactment to bargain further shares.

Robinhood Ventures Fund I is offering each the shares, which are expected to statesman trading connected the New York Stock Exchange (NYSE) under the awesome "RVI" on March 6 and adjacent connected March 9.

RVI has granted the underwriter a 30-day enactment to acquisition up to an further 1,892,341 communal shares. Goldman Sachs & Co. LLC is acting arsenic sole bookrunner for the offering.

Reacting to the latest IPO, Jim Cramer wrote lone 1 connection connected X connected March 6: "novelty."

Cramer's effect is noteworthy because Robinhood Ventures Fund I is so a caller money because it opens task capital-style investing to retail investors done a publically traded instrument.

Traditionally, only venture superior funds, ample fiscal institutions, and precocious net-worth individuals (HNIs) put successful backstage companies. RVI aims to disrupt the contented and let adjacent mean retail investors to summation vulnerability to backstage companies by purchasing shares of the fund.

Related: Robinhood announces motorboat of testnet for its marque caller chain

This communicative was primitively published by TheStreet connected Mar 6, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.