Rivian (RIVN) Shares Continue to Surge in Pre Open After Biggest IPO Since Facebook
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Rivian (RIVN) IPO Opens 37% Higher, Valuing EV Maker at $93.3 Billion
November 10, 2021 1:01 PM ESTToday's IPO for Rivian (NASDAQ: RIVN) opened for trading at $106.75 after pricing 153,000,000 shares at $78, above the expected $72-$74 range. The IPO size was increased from 135,000,000 shares.
The opening values the EV maker at $93.3 billion if underwriters exercise their option. By comparison, Tesla (NASDAQ: TSLA) has a valuation of approximately $1.08 trillion, GM (NYSE: GM) is valued at approximately $86 billion, Ford (NYSE:... More
Global carmakers now target $515 billion for EVs, batteries - Reuters
November 10, 2021 9:24 AM ESTGlobal carmakers now target $515 billion for EVs, batteries - Reuters
... More