Rivian electric vehicles startup, which is called the “nightmare” founder of Tesla Ilona Mask, after going to the IPO was estimated at 86 billion dollars in the first day of trading. The cost of shares took out 29 percent of the initial price, the NASDAQ exchange data is evidence. Now securities are traded by $ 108 per piece.
The company attracted $ 12 billion, which made it placing the largest in the United States, the capitalization of Rivian, taking into account options exceeded $ 100 million, notes CNBC. Rivian appreciated its shares at 78 per paper. At the time of opening of the auction, they cost $ 106.75.
Rivian filed an application for an IPO in August 2021, on November 10, the company began a bidding on the NASDAQ exchange under the RIVN ticker. To date, Rivian has released about 100 electric cars and promises to send to buyers 1500 until the end of the year. By 2023, she expects to produce 150 thousand cars per year. The manufacturer of electric vehicles support international companies Amazon and Ford. According to CNBC, the 20 percent share of Amazon is now worth about $ 17 billion, and the 12 percent share of Ford is estimated by more than 10 billion dollars. Amazon has previously announced the transfer of its fleet for transport, working on renewable energy sources, and ordered the delivery of 100,000 Rivian electric vehicles by 2030. Rivian also released a fully electric R1T pickup. The release of the electric SUV R1S for seven passengers is planned December.