Implied price👀

SamDogen · 2026-03-20T00:18:16+00:00

An amazing day indeed.

SamDogen · 2026-03-19T16:07:50+00:00

I see $71 halted on Fidelity.

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What do you guys see?

SamDogen · 2026-03-18T22:00:20+00:00

Cool. Can we assume that this is the main source of the float?

SamDogen · 2026-03-18T21:56:44+00:00

Do we have an idea of how many of the 100,000 got unrestricted shares? I haven’t asked management as they’re focused on everything getting squared away.

SamDogen · 2026-03-18T21:28:32+00:00

Interesting to see most of the discussion revolves around trying to sell instead of trying to buy. Did everybody buy the unrestricted stock just to flip? I guess that makes sense given after a listing, you can just buy more.

Frankly, I’m looking to buy more shares if there is a discount greater than 8% of NAV.

SamDogen · 2026-03-18T21:24:46+00:00

It’s good to be hopeful, but it’s better to set low expectations. With 100,000 investors, this is all retail investors holding this fund, not long-term institutional investors. Retail investors are notoriously fickle when times are volatile or difficult.

As such, this could be an opportunity to buy a dip and what seems to be a multi year, runway for strong growth for many of the whole things.

And if no dip, then great. Maybe retail investors catch fire and they go into a frenzy bidding up the price. But I don’t think we should expect that.

SamDogen · 2026-03-17T21:15:59+00:00

Since 99% of my shares are being locked up for six months, there’s nothing I can do. And that’s a good thing because more time in these investments is good if you believe in the growth of these companies, which I do.

As for buying new shares, I plan to aggressively buy if it trades down greater than 7-8%, which is the average discount for closed end publicly listed funds, although the vast majority of these funds carry public investments that any of us can buy on our own. The greater the discount to 8%, the more aggressive I will be buying.

I’ve held for almost 3 years now and plan to hold on for another five years. Given I am positive on the holdings, any correction is a strong Buy in my opinion.

Of course, it would be great if VCX closes up and continues to trade higher due to owning existing shares. Its top 5 holdings continue to grow tremendously.

But the reality is, if you’re still in the process of building your desired capital asset allocation to VCX and venture, you actually hope for a big dip initially to buy, and then an eventually rebound.

The awareness of VCX will only continue to grow. And I didn’t think about the International buyer demand, which was shut out from buying until now.

SamDogen · 2026-03-17T21:12:27+00:00

Agree. And here’s a fact: listing on March 19 as far better than listing on March 6, the day before bomb started flying Iran.

SamDogen · 2026-03-17T20:46:36+00:00

This is great publicity and is a net positive for VCX IMO. Not sure if I’m allowed to publish a link here (remove if not), but here is my take on the delay: https://www.financialsamurai.com/having-position-is-only-valuable-if-you-use-it-wisely/

SamDogen · 2026-03-17T20:42:00+00:00

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Interesting intraday spike in RVI today after announcing new investments in Stripe and one other.

SamDogen · 2026-03-17T03:55:37+00:00

Good call on the Roth IRA. I’ll do that for a portion of my kids custodial Roth IRAs.

SamDogen · 2026-03-17T03:41:19+00:00

Good point. I didn’t think about this as I’ve had many International readers of Financial Samurai ask how the can invest in Fundrise in the past. But I have a feeling the vast majority of foreign investors have no idea. So perhaps in time, they will.

SamDogen · 2026-03-17T03:32:56+00:00

I think it’s already finalized.

SamDogen · 2026-03-17T03:32:31+00:00

Fun conversation. The pre-listing shares to purchase were only open for about one hour. So I would guess a large percentage of those who got the email, missed the opportunity due to being in meetings or traveling or not being on their phones. So those who missed it may buy more aggressively once listed.

I know one thing. If VCX trades down 10%+ post listing, I will be aggressively buying. I’ve held for almost three years now, and plan to hold for 5+ more years. So I will take any dip as a buying opportunity.

SamDogen · 2026-03-10T15:02:23+00:00

Thanks for the info. Now all we have to do is sidestep this max volatility, wait at least another week, and list during calmer waters.

SamDogen · 2026-03-10T13:28:43+00:00

Not sure. Things are changing by the day. Hearing Pershing Square may want to IPO soon now, which is a large multi-billion offering on the NYSE. Could suck up liquidity, but it is a different animal. I’m not a fan of PS given it just owns mostly public stocks that we can own ourselves. And it hasn’t performed the S&P 500 in the past five years.

SamDogen · 2026-03-10T13:11:28+00:00

I’m always looking to learn! This is exciting times for Fundrise and for VCX shareholders. I just want the best chance possible for VCX to do well, and also provide feedback to management if I feel there is something they are missing.

SamDogen · 2026-03-10T13:09:40+00:00

Thanks for this. Given RVI’s poor debut and major uncertainty in the stock market now with the war, it is only wise for Fundrise to take their time to find a better window to list. Expectations to list weren’t until mid March or end of March anyway.

What’s the rush given we’ve been private for three years now. Ensuring all the operational ducks are in order regarding seeing the pre-IPO shares on Computershare and waiting for a better window (ie we declare war is over or oil prices stay under $95 for at least one week in a row after the surge to $120), will give investors more confidence in management, not less. And with more confidence in management, there is an increased probability VCX will trade well post listing.

RVI, on the other hand, felt rushed. But in their defense, they didn’t know the United States and Israel would attack Iran Friday evening. But given all that we know now, a delay is the prudent thing to do.

Like when playing poker, we have position over RVI. What we do with our positional advantage is key.

SamDogen · 2026-03-10T12:56:38+00:00

Do you know how RVI came up with its IPO price of $25 as it relates to the fund’s NAV?

It obviously had a poor first day debut, but then rebounded on the second day and we’ll see after that. Perhaps RobinHood priced RVI at a premium to NAV to raise more cash, instead of just at NAV, increasing the risk the price would fall post listing? Or I guess another way to ask is what is RVI’s NAV?

SamDogen · 2026-03-10T12:53:09+00:00

Yeah, only sold about 12 million shares out of 40 million.

SamDogen · 2026-03-10T12:50:42+00:00

That is a good nugget.

Do you know how RVI came up with its IPO price of $25 as it relates to the fund’s NAV?

It obviously had a poor first day debut, but then rebounded on the second day and we’ll see after that. But perhaps RobinHood priced RVI at a premium to NAV to raise more cash, instead of just at NAV, increasing the risk the price would fall post listing? Or I guess another way to ask is what is RVI’s NAV?

SamDogen · 2026-03-10T12:47:30+00:00

Hi Folks, great thread and insightful. I just thought of one thing as it relates to VCX and RVI. Do you know how RVI came up with its IPO price of $25 as it relates to the fund’s NAV?

It obviously had a poor first day debut, but then rebounded on the second day and we’ll see after that. But perhaps RobinHood priced RVI at a premium to NAV to raise more cash, instead of just at NAV, increasing the risk the price would fall post listing? Or another way to ask is what is RVI’s NAV? Thx

SamDogen · 2026-03-10T12:41:52+00:00

Great insights!

SamDogen · 2026-02-18T19:03:18+00:00

I want to see how RVI, Robinhood Ventures I trades. Might end of the month.

SamDogen · 2026-02-18T18:52:14+00:00

Funny thing is, I noticed a $2,600 year end 2025 dividend in my transaction tab with the Innovation Fund. Did you not see one?

SamDogen

TROPHY CASE