Welcome to our dedicated page for Rivian Automotive / De news (Ticker: RIVN), a resource for investors and traders seeking the latest updates and insights on Rivian Automotive / De stock.
Rivian Automotive, Inc. develops and manufactures electric vehicles and related automotive technologies for consumer and commercial customers. The company’s news centers on U.S. vehicle production, delivery updates, financial results, manufacturing capacity plans, and product information for models such as the R2 mid-size electric SUV.
Recurring developments also include Rivian’s vertically integrated electrical architecture, software, autonomous driving platform, artificial intelligence, and propulsion systems. Company updates cover activity at its Normal, Illinois manufacturing facility, plans for its Georgia manufacturing footprint, battery and energy-storage partnerships, managed-charging collaborations, and investor-conference communications.
Rivian Automotive, Inc. priced its upsized initial public offering (IPO) at $78.00 per share for 153 million shares of Class A common stock. The IPO anticipates raising approximately $11.9 billion before underwriting discounts and expenses. Additionally, underwriters have a 30-day option to purchase up to 22.95 million additional shares. Trading on Nasdaq is set to commence on November 10, 2021, with the offering closing on November 15, 2021, subject to customary conditions.