$HOOD
BREAKING: Robinhood announces that they have filed with the SEC to launch Robinhood Ventures Fund I (RVI), a concentrated portfolio of innovative private companies leading their industries.
Well folks, looks like Robinhood is going to IPO a fund that allows retail to invest in the best private companies...
“For decades, wealthy people and institutions have invested in private companies while retail investors have been unfairly locked out. With Robinhood Ventures, everyday people will be able to invest in opportunities once reserved for the elite,” said Robinhood Chairman and CEO Vlad Tenev.
Robinhood. Is. Not. Stopping.
LFG.
WHY $FIG FIGMA IS ONE OF THE DIRTIEST GAMES WALL STREET PLAYED ALL YEAR:
Let’s dive in.
Figma sold 36M shares to the public at $33/share, raising $1.2B.
24M shares came from investors, 12M came from insiders.
Big banks usually underwrite an IPO.
Underwriting is a fancy way of saying that Goldman, JPMorgan, etc. analyze the business and try to figure out what it’s worth.
They all told Figma that the business is worth $33/share…but then the banks took those 36M shares after giving Figma the $1.2B and…
then priced them at $100 a share.
Wall Street made about $2B on the difference between $100 and $33 simply because they sucked at pricing the IPO.
Why do I say they sucked? Well if someone is willing to pay $100 for something that is “underwritten” at $33…if the value of an asset is what someone is willing to pay for it…Figma could’ve went public at $100 and raised an extra $2B for themselves.
IPO season is back and the banks are cashing in, long financials 🚀
Today marked the second largest single day gain in NASDAQ history.
The top three spots?
1. 1/3/2001, +14.17%
2. 4/9/2025, +12%
3. 10/13/2008, +11.81%
In both other instances, the NASDAQ ended up making a new low.
⚠️⚠️ be careful. Averaging is not a safe bet. It is actually more risky. It is a two sided trade if it goes your way you can make back losses and even more, but if it doesn’t go your way you will be taking a bigger L than the original position.