On August 21, Robinhood rose 3.05% overnight, trading at $98.17/share, with turnover of $20.7138 million. The stock continues to build on recent momentum driven by multiple positive catalysts.

On the news front, Robinhood's second closed-end fund RVII completed its IPO pricing on August 14, issuing 8 million shares at $25 per share, with total fund size reaching $225.5 million (up to $255.5 million if underwriters exercise the full option). Goldman Sachs served as lead bookrunner. The company's CFO stated plans to accelerate the pace of publicly traded closed-end fund debuts, enabling retail investors to access private markets more conveniently. Additionally, Goldman Sachs raised its target price on Robinhood to $123 from $118, maintaining a Buy rating. Meanwhile, Robinhood Chain has accumulated $5 million in fee revenue since launch just over a month ago, and CEO Vlad Tenev declared the beginning of a \"tokenization supercycle,\" reinforcing confidence in the company's blockchain strategy.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)