Robinhood's venture fund, which gives investors access to private companies, tanks 11% on first day

Robinhood's Venture Fund I plunged 11% in its public market debut on the New York Stock Exchange on Friday, casting doubt on investors' appetite for riskier investment amid swirling geopolitical tensions. The fund, which trades under the ticker RVI, offers exposure to notable private companies such as financial services firm Revolut and software company Databricks. It aims to democratize access to an area of capital markets that has often been off-limits to retail investors, Robinhood CEO Vlad Tenev told CNBC's "Squawk on the Street" on Friday. "You have companies that are out there at valuati

Robinhood's Venture Fund I plunged 11% in its public market debut on the New York Stock Exchange on Friday, casting doubt on investors' appetite for riskier investment amid swirling geopolitical tensions. The fund, which trades under the ticker RVI, offers exposure to notable private companies such as financial services firm Revolut and software company Databricks. It aims to democratize access to an area of capital markets that has often been off-limits to retail investors, Robinhood CEO Vlad Tenev told CNBC's "Squawk on the Street" on Friday. "You have companies that are out there at valuati