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Rivian's IPO raised nearly $12 billion, making it the largest IPO in the U.S. since 2014. The stock was up more than 21% from its initial opening price to the close of trading on Nov. 12, 2021 ...
In 2019, Rivian reported a net loss of $426 million. Its losses more than doubled to $1.02 billion in 2020 when the company expanded its factory and workforce for R1T truck and R1S SUV production.
The new price range for the Rivian IPO sets RIVN stock between $72 and $74 per share. That could see the company raising close to $10 billion from its IPO while also giving it a valuation of $65 ...
That absolute eye-popping number makes Rivian one of the largest IPOs in U.S. history and puts its market cap above GM as well as one of its backers, Ford (GM’s market cap is $86.31 billion ...
Rivian would be valued at about $80 billion according to its IPO, and the filing lists the size of its offering at $100 million, but that could be changed when the price for shares is set.
Rivian’s IPO earned the company a whopping $11.9 billion, the largest public offering that the U.S. has seen in over five years. The automaker surpassed Uber UBER to take the top spot.
Investors weren’t discouraged by the Rivian IPO’s higher-than-expected share price. Rivian stock soared upon its trading debut, gaining over 50% to reach $119.38 per share.
Electric vehicle maker Rivian Automotive, Inc. (NASDAQ: RIVN) is all set to list its shares on Wall Street this week, having amended on Friday the Form S-1 statement originally filed on Oct. 1.
Bases on an IPO of 135 million shares, SoFi will be offering up to 675,000 Rivian shares to its customers. SoFi launched its IPO offerings program earlier this year and has given customers early ...
Rivian, the electric automaker backed by Amazon, Ford and a cornucopia of heavy-hitting institutional investors like T. Rowe Price Associates and Coatue, finally made its once-confidential IPO ...
Electric pick-up truck startup Rivian is looking to raise about $10 billion via its IPO this week, with its shares priced at between $72 to $74, per its latest SEC filing, valuing the company at ...
I'm skeptical that Rivian’s IPO will deliver for investors, even with the lower valuation. Investors shouldn’t buy a stock just because it’s in a hot sector.
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