Rivian Automotive, Inc. / DE

Rivian Automotive, Inc. / DE (RIVN) priced its initial public offering on Nov 12, 2021 at $78.00 per share, above its $72.00–$74.00 range, raising $11.93B, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $67.12B. Morgan Stanley was lead-left underwriter, joined by Goldman Sachs, J.P. Morgan and Barclays and others. Latham & Watkins advised the company and Skadden, Arps advised the underwriters.

Rivian Automotive, Inc. designs, develops and manufactures electric vehicles and accessories, selling them directly to consumer and commercial customers. It also offers proprietary services across the vehicle lifecycle, built on a vertically integrated technology ecosystem.

Status

IPO

Ticker

RIVN

Exchange

Nasdaq Global Select

Priced

Nov 12, 2021

IPO price

$78.00

Price range

$72.00–$74.00

Raised

$11.93B

Market cap at IPO price

$67.12B

First filed

Oct 1, 2021

Underwriters

Morgan Stanley, Goldman Sachs, J.P. Morgan, Barclays, Deutsche Bank, Allen & Company, BofA Securities, Mizuho, Wells Fargo, Nomura, Piper Sandler and RBC Capital Markets

Company counsel

Latham & Watkins

Underwriters' counsel

Skadden, Arps

Sector

Industrials & materials

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.