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.

Rivian sells three types of EVs: the R1T pickup, the R1S full-size SUV, and electric delivery vans for its top investor Amazon and other customers. Before its IPO in November 2021, Rivian claimed it ...

A bet on Rivian’s IPO, then, is in great part a wager that Amazon does in fact buy the 100,000 vehicles that it is expected to, and we’d add on a timeline and price point that work for Rivian.

Summary Adjusted from earlier speculations of an $80 billion IPO valuation, Rivian's latest S-1 filing reveals its intentions to sell 135 million shares for proceeds of $72 to $74 apiece.

Rivian also gave underwriters an option to buy another 22.95 million shares, a higher number than previously expected. The size of the IPO also benefits some of its biggest backers.

Should Rivian launch an IPO, it's unclear if it will be done with a SPAC, or in the conventional manner. Rivian has already raised more than $8 billion, including $2.65 billion in its most recent ...

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.

Rivian’s offering, if successful, would be the first non-SPAC IPO for a pure-play electric vehicle maker in more than a decade. That path was originally paved by Tesla (NASDAQ: TSLA) in 2010.

Bloomberg, which first reported the news, said Rivian is seeking a valuation of roughly $80 billion, and eyeing an IPO around Thanksgiving. CNN Business has not independently confirmed the report.

Rivian is now valued at nearly $100 billion, a sign of the strong demand for EV companies among investors. Rivian stock hit a high of $113.90 per share, well above its IPO pricing of $78 per share.

Even if Rivian's stock price fluctuates in the months ahead, the company got what it needed most from its IPO: cash. The company raised $12 billion, a sum that took Tesla 17 years to raise in ...