NEW YORK—Rivian Automotive, a company that has delivered about 150 electric pickup trucks mostly to employees, has surpassed General Motors to become the nation’s second most valuable automaker. The California company’s market valuation exceeded Ford’s in its first day a public company Wednesday. Its shares rose 10 percent at the opening bell Thursday pushing its…
Rivian Raises $11.9 Billion in Upsized IPO: What You Need to Know
Rivian Automotive Inc., an electric vehicle manufacturer backed by Amazon.com Inc. and Ford Motor Co., on Tuesday priced shares in its highly-anticipated initial public offering at $78—well above its earlier expectations—to raise $11.93 billion, regulatory filings showed. What Happened Rivian initially aimed to sell shares in a $57 to $62 a share price range, which…
The Rivian IPO: What You Need to Know
Electric vehicle maker Rivian Automotive, Inc. NASDAQRIVN 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. Rivian’s IPO Terms: Rivian proposes to offer 135 million shares of its Class A common stock in an initial public offering, with the…
Ford-Backed Tesla Rival Rivian Looks to Raise $8.4 Billion in IPO: What You Need to Know
Rivian Automotive Inc, an electric vehicle manufacturer backed by Amazon.com Inc. and Ford Motor Co., is looking to raise about $8.4 billion in an initial public offering. What Happened Rivian plans to sell up to 135 million shares in the range of $57 to $62 per share, which would translate to funds raised around $8.4…
Amazon Discloses 20 Percent Stake in EV Maker Rivian
October 29, 2021
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Amazon.com Inc., an early backer of Rivian Automotive, now owns about a fifth of the electric-truck maker, the e-commerce giant disclosed in a quarterly filing on Friday. Ford Motor Co., which has a strategic relationship with Rivian, removed a representative from the startup’s board earlier this month. At the end of the third quarter, Amazon…
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