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Rivian Automotive Priced, Nasdaq: RIVN

Manufactures premium electric SUVs, vans, and pickup trucks.

Industry: Consumer Discretionary

Latest Trade: $29.85 +2.99 (+11.1%)

First Day Return: +29.1%

Return from IPO: -65.6%

Industry: Consumer Discretionary

We design, develop, and manufacture category-defining electric vehicles (“EVs”) and accessories. We sell them directly to customers in the consumer and commercial markets. Our vehicles are complemented by a full suite of proprietary, value-added services that address the entire vehicle lifecycle and deepen our customer relationships. Starting with a clean sheet, we built a vertically integrated ecosystem comprised of our vehicle technology platform, cloud architecture, product development and operations, products, and services. Interconnected by our data and analytics backbone, our ecosystem is designed to deliver fast-paced innovation cycles, structural cost advantages, and exceptional customer experiences. In the consumer market, we launched the R1 platform with our first generation consumer vehicle, the R1T, a two-row five-passenger pickup truck, and began making customer deliveries in September 2021. We plan to launch and commence customer deliveries for the R1S, a three-row seven-passenger sports utility vehicle (SUV) in December 2021. In the commercial market, we will launch the Rivian Commercial Vehicle (RCV) platform with our first vehicle, the Electric Delivery Van (EDV), designed and engineered by Rivian in collaboration with Amazon.com.
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IPO News for Rivian Automotive
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IPO Data
IPO File Date 10/01/2021
Offer Price $78.00
Price Range $72.00 - $74.00
Offer Shares (mm) 153.0
Deal Size ($mm) $11,934
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/09/2021
Offer Price $78.00
Price Range $72.00 - $74.00
Offer Shares (mm) 153.0
Deal Size ($mm) $11,934
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Irvine, CA
Founded 2009
Employees 6,274
Website www.rivian.com