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IPO Date 10/11/2021

Trade Rivian Automotive Inc

Rivian Automotive Inc
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General info on Rivian

About the company

  • Name
    Rivian Automotive Inc
  • Industry
    Automotive, Electric Vehicles
  • Employees
    9,001+
  • Founding year
    2009
  • Ticker
    RIVN

Filing Information

  • IPO file date
    1/10/2021
  • No. of shares
    135,000,000
  • Price
    $78
  • Exchange
    NASDAQ
  • Bookrunners
    Morgan Stanley, Goldman Sachs, JP Morgan, Barclays
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IPO Details

About Rivian

The Irving, California-based electric vehicles automaker was founded in 2009 by Robert “RJ” Scaridge. In more than a decade, the company expanded across the US and England. Over the years, it became known for its electric sport utility vehicle (SUV) and pickup truck built on a “skateboard” platform.

Its innovations caught investors’ eye, and as of August 2021, Rivian had raised around $11 billion in funding. Ford and Amazon are among its leading investors, with $500 million, and $700 million, respectively. Both companies are part of Rivian’s stakeholders. 

IPO Figures

*Update: Rivian, Inc. has priced its IPO at $78, raising $11.9 billion, pushing its market value to $66.5 billion.

Though its initial public offering, Rivian aims to raise as much as $8.4 billion by selling 135 million shares, with a price range of $72 - $74 per share. The amount raised could go as high as $9.6 billion if the underwriters opted to buy 20.25 million additional shares. 

 

Valuation

Bloomberg has recently valued Rivian at nearly $28 billion. However, following the IPO, the California-based company could reach a market valuation of nearly $60 billion. 

Rivian: what you need to know

  • Rivian joins a handful of other EV start-ups that recently became publicly traded companies like Lucid and Fisker
  • Amazon has invested nearly $3.8 billion in Rivian
  •  It is also backed by Ford, T Rowe Price and Fidelity

 

Sources: cnbc.com, investors.com, marketwatch.com, sec.gov, techcrunch.com

 

Summary

  • Ticker
    RIVN
  • Price
    $78
  • Exchange
    NASDAQ
  • Bookrunners
    Morgan Stanley, Goldman Sachs, JP Morgan, Barclays
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Key elements

Find out the most essential numbers for Rivian Automotive Inc IPO

Vehicle preorders:

48,390

Vans for Amazon

100,000

Venture capital raised

$10.5 BLN

IPO size

$8.4 BLN

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Rivian Automotive Inc

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A closer look at Rivian Automotive Inc IPO
Learn why traders are always eager to trade IPOs

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  • Status: Upcoming
  • IPO Date: 10/11/2021
  • Price: $78

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