Daily BriefsIPOs and Placements

Equity Capital Markets: Rivian Automotive Inc and more

In today’s briefing:

  • Rivian Automotive IPO – Products and Business Model

Rivian Automotive IPO – Products and Business Model

By Mio Kato

Rivian Automotive filed for a confidential IPO last August and publicly submitted the paperwork last week. The company aims to trade on the Nasdaq under the ticker symbol “RIVN”, and is expected to sell $100m in new equity.

Currently, the company is financially backed mainly by Amazon and Ford Motor Co., through whom the company was able to raise $10.5bn since 2019 through several investment rounds.


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