Bearish/cautious view on the RVI IPO, questioning Robinhood's decision to sell 5M shares into the offering and highlighting the 4% entry fee versus zero-load alternatives.
RVI — AVOID The author questions why Robinhood (HOOD) is selling 5M shares of RVI into the IPO rather than doubling down, framing it as either 'seed recycling' or a lack of conviction. The author notes RVI charges a 4% entry fee ($1.00 per share) to cover Goldman's fee and admin costs, versus 0% load for Fundrise or an ETF, meaning IPO buyers start 4% behind. The author suggests waiting 90 days for the likely closed-end fund discount to buy at $23.00 instead of $25.00.
By buying the RVI IPO, you are essentially starting the race 4% behind. Why not wait 90 days for the inevitable 'Closed-End Fund Discount' and buy it at $23.00 instead of $25.00?
This Reddit post, published February 20, 2026, features u/Foundamentals discussing RVI. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: u/Foundamentals · Tickers: RVI