On August 20, Robinhood rose 3.27% in after-hours trading, trading at 98.89 USD/share, with turnover of $77.91 million. The rebound follows a sector-wide selloff on August 18 that had dragged the stock down over 3%.

On the news front, Robinhood's second closed-end fund, Robinhood Ventures Fund II (RVII), completed its IPO pricing on August 14, issuing 8 million shares at $25 per share, bringing total fund size to $225.5 million, or up to $255.5 million if underwriters exercise their full option. The fund focuses on early-stage firms from Y Combinator. CFO Shiv Verma stated the company plans to accelerate the pace of publicly traded closed-end fund launches to give retail investors broader access to private markets. Additionally, Goldman Sachs recently raised its price target on Robinhood from $118 to $123, maintaining a Buy rating, with the analyst consensus mean target at $124.73.

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