Rivian raised $11.9 billion through its public offering, the largest haul for an IPO on a U.S. exchange since 2014. “The IPO represents an opportunity to accelerate how quickly we can go,” the company's CEO said.
Electric-truck maker Rivian plans to go public and is seeking a valuation in the tens of billions. But why are investors excited for this IPO and what makes their offering different from other EV startups? WSJ’s George Downs explains.
Illustration: George DownsBrasil Últimas Notícias, Brasil Manchetes
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WSJ News Exclusive | Rivian Prices Shares at $78 in Highly Anticipated IPOElectric-vehicle startup Rivian priced its IPO at $78 a share, a person familiar with the matter said, valuing the company at more than $77 billion in a sign of strong demand
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Jim Cramer says he's skeptical that Rivian is the next Tesla and would rather own FordEven with major backers like Amazon and Ford, Cramer says it's hard to say that Rivian will be the next Tesla.
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