Breakingviews - Rivian’s IPO pushes EV optimism over the limit
- Rivian Automotive made its public trading debut on Nov. 10. Its shares opened at $106.75, well above its increased initial public offering price set the day before of $78 per share. The opening trading price equates to a market capitalization of around $93 billion. Raising over $12 billion, Rivian’s IPO ranks as the largest this year and one of the largest ever.
- Rivian had delivered just 156 of its R1T truck as of Oct. 31. Rival Lucid said it would deliver its first cars to customers on Oct 30.Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.
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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.
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Rivian Shares Surge in Largest U.S. IPO Since 2014Shares of Rivian Automotive, whose backers include Amazon and Ford, jumped by more than a third in their market debut, the latest indication of the strong investor interest in the electric-vehicle market.
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Electric-Vehicle Startup Rivian Goes Public in Largest U.S. IPO Since 2014Rivian 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.
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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
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Rivian Automotive stock soars in trading debut, in the largest IPO of the yearRivian Automotive Inc. goes public on Wednesday in the largest initial public offering of the year and the seventh largest U.S. IPO by offer size in nearly...
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