• Latest
  • Trending
Rivian Automotive shares rises on its market debut in the year's largest IPO.

Rivian Automotive shares rises on its market debut in the year’s largest IPO.

November 10, 2021
See how the 'stranger things actors' cast has changed from the first season.

See how the ‘stranger things actors’ cast has changed from the first season.

May 27, 2022
the fastest way to lose weight

fastest way to lose weight in 7 steps

May 26, 2022
Tiger Woods Masters odds: How likely is it that he will win his sixth green jacket in 2022?

Tiger Woods Masters odds: How likely is it that he will win his sixth green jacket in 2022?

May 25, 2022
Celtics

Don’t underestimate the significance of the Celtics’ Game 4 victory in the fight between the big men.

May 24, 2022
amber heard

It’s possible that Amber Heard’s testimony in Johnny Depp’s trial may have leaked Aquaman 2 details.

May 24, 2022
Tiger woods golf course in Payne's Valley

Tiger woods golf course in Payne’s Valley

May 23, 2022
Tiger Woods reversal at the PGA raises the question: what's next for him?

Tiger Woods reversal at the PGA raises the question: what’s next for him?

May 23, 2022
  • My account
  • Contact Us
  • Terms and Conditions
  • Privacy Policy
New 24 Hour
  • news
  • Cinema news
  • cryptocurrency news
  • Biography
  • Dead Actors
  • Entertainment
  • Sport
    • Tiger Woods
    • Detroit tigers
  • more..
    • government
    • Story
    • Gaming
    • Movies reviews
    • New 24 hour
    • Economy
    • Politics
    • education
    • nature
    • Arts
    • fashion
    • education
    • History
    • cooking
    • Health
    • weather
No Result
View All Result
  • news
  • Cinema news
  • cryptocurrency news
  • Biography
  • Dead Actors
  • Entertainment
  • Sport
    • Tiger Woods
    • Detroit tigers
  • more..
    • government
    • Story
    • Gaming
    • Movies reviews
    • New 24 hour
    • Economy
    • Politics
    • education
    • nature
    • Arts
    • fashion
    • education
    • History
    • cooking
    • Health
    • weather
No Result
View All Result
New 24 Hour
No Result
View All Result

Rivian Automotive shares rises on its market debut in the year’s largest IPO.

Rivian priced its IPO late Tuesday at $78, and the stock traded for the first time at $106.75.

Rivian Automotive shares rises on its market debut in the year's largest IPO.

Rivian Automotive shares rises on its market debut in the year's largest IPO.

Rivian Automotive shares rises on its market debut in the year’s largest IPO.

Rivian priced its IPO late Tuesday at $78, and the stock traded for the first time at $106.75.Rivian Automotive Inc. went public with a boom on Wednesday, in the biggest IPO of the year and the sixth largest IPO in the United States by offer size in almost 30 years.

Rivian RIVN, +26.34 percent priced its initial public offering late Tuesday at $78, significantly above the estimated range of $72 to $74 per share, which had been raised from a previous range of $57 to $62 per share. Rivian has upped the amount of the offering from 135 million to 153 million shares. The firm raised $11.9 billion.

Also see: 5 Things to Know About Rivian

At 1 p.m. Eastern, the stock traded for $106.75 per share, or 36.9 percent more than the IPO price. It has now extended its gains, trading at $108.00, up 38.5 percent.

Rivian, which has received funding from Amazon.com Inc. AMZN, -2.43 percent, Ford Motor Co. F, -4.36 percent, and T. Rowe Price TROW, -2.93 percent, hopes to carve a place for itself by producing all-electric pickup trucks and SUVs, which have been popular among Americans for decades.

Rivian Automotive shares rises on its market debut in the year's largest IPO.
Rivian Automotive shares rises on its market debut in the year’s largest IPO.

other from here:

In Jim Jones, Leonardo DiCaprio might play the Jonestown cult leader.

More electric pickup trucks are on their way to the market. Who is going to buy them?

In September, the automaker began selling a limited quantity of its R1T, a two-row, five-seat pickup truck. It intends to release an SUV, the R1S, in December. Sales of the truck and SUV are projected to pick up in December and January. Rivian’s cars are marketed as “electric adventure vehicles,” with costs starting in the mid $70,000s.

Rivian also intends to manufacture electric delivery trucks for Amazon and to establish its own charging network.

According to Jessica Caldwell, an analyst with Edmunds, one of the most difficult challenges for Rivian to overcome is the pricing of its automobiles. According to her, the electric pickup truck worked roughly as expected in a recent test.

It also has the benefit of being the first to market, with Ford intending to release an electric version of its famed F-150 next year and Tesla Inc. TSLA, +1.05 percent Cybertruck going into production next year and reaching commercial production by 2023.

However, “the long-term volume estimates for a $70,000+ midsize truck aren’t particularly high,” according to Caldwell.

Rivian will face competition from the larger, cheaper Ford F-150 Lightning when it becomes available, and the fight will heat up as General Motors Co. GM, +0.80 percent is scheduled to show its all-electric Silverado at CES next year, she added.

Ivy Getty, the oil heiress, marries in San Francisco wearing a mirrored Margiela wedding gown.

After a blindside shove on Heat’s Markieff Morris, Nuggets’ Nikola Jokic is facing a suspension.

source:

Rivian Automotive stock soars in trading debut, in the largest IPO of the year

Related

Share186Tweet117SharePin58ShareShare33

Related Posts

See how the 'stranger things actors' cast has changed from the first season.
Cinema news

See how the ‘stranger things actors’ cast has changed from the first season.

May 27, 2022
the fastest way to lose weight
Health

fastest way to lose weight in 7 steps

May 26, 2022
Tiger Woods Masters odds: How likely is it that he will win his sixth green jacket in 2022?
Sport

Tiger Woods Masters odds: How likely is it that he will win his sixth green jacket in 2022?

May 25, 2022
Celtics
Sport

Don’t underestimate the significance of the Celtics’ Game 4 victory in the fight between the big men.

May 24, 2022
Load More
New 24 Hour

© 2018 new 24 hour by new24hour.

Navigate Site

  • My account
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

Follow Us

No Result
View All Result
  • news
  • Cinema news
  • Sport
  • cryptocurrency news
  • Entertainment
  • Biography
  • Economy
  • History
  • weather
  • Arts
  • Story
  • fashion
  • education
  • nature
  • weather
  • Arts
  • Gaming
  • government
  • cooking

© 2018 new 24 hour by new24hour.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?