Rivian Automotive (RIVN) Prices Upsized IPO at $78, Valuing EV Maker at Nearly $70 Billion
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Rivian Announces Pricing of Upsized Initial Public Offering
November 9, 2021 10:11 PM ESTIRVINE, Calif.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (Rivian) today announced the pricing of its upsized initial public offering of 153,000,000 shares of Class A common stock at a public offering price of $78.00 per share. In addition, Rivian has granted the underwriters a 30-day option to purchase up to an additional 22,950,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. Rivians Class A common stock is expected to begin trading on the Nasdaq Global Select Market on November 10, 2021, under the ticker symbol RIVN. The offering is expected to close on November 15, 2021, subject to... More
