Electric-vehicle maker Rivian Automotive Inc. priced its initial public offering at $78 a share Tuesday night, well above its expected range and valuing the...
Electric-vehicle maker Rivian Automotive Inc. priced its initial public offering at $78 a share Tuesday night, well above its expected range and valuing the company at $77 billion on a fully diluted basis.
The company plans to sell 153 million shares in its offering, raising $11.9 billion — a figure Bloomberg News reported makes it the largest IPO of the year and sixth-largest ever on a U.S. exchange. Last week, the Irvine, Calif.,-based company boosted its estimated price range to between $72 and $74 each, up from an original range of $57 to $62 a share.Amazon.com Inc. AMZN, +2.50% and Ford Motor Co. F, -0.15% are among Rivian’s backers. The EV maker has raised $10.5 billion since 2019 after several investment rounds, with the latest a $2.5 billion funding round in July.
Besides an electric pickup and an electric SUV, Rivian also plans to make electric delivery vans for Amazon and have its own charging network. Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co. are lead underwriters for the offering.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Rivian prices IPO at $78 a share, valuing electric vehicle company at $66.5 billionRivian's initial valuation will not be far off Ford or General Motors even though the company has barely started generating revenue.
Consulte Mais informação »
WSJ News Exclusive | Rivian Prices IPO at $78, Above Raised Target RangeElectric-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
Consulte Mais informação »
EV maker Rivian prices IPO above range to raise over $10 bln -sourcesAmazon-backed electric vehicle (EV) maker Rivian sold shares in its initial public offering (IPO) at $78 per share, above its target range, to raise about $10.5 billion, people familiar with the matter said on Tuesday.
Consulte Mais informação »
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.
Consulte Mais informação »
Rivian prices IPO at $78 a share, valuing electric vehicle company at $66.5 billionRivian's initial valuation will not be far off Ford or General Motors even though the company has barely started generating revenue.
Consulte Mais informação »
WSJ News Exclusive | Rivian Prices IPO at $78, Above Raised Target RangeElectric-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
Consulte Mais informação »