Rivian IPO
Rivian is an electric vehicle manufacturer producing the R1T pickup truck, R1S SUV, and commercial delivery vans for Amazon. The company went public on the Nasdaq in November 2021 in one of the largest IPOs of that year. Rivian operates a manufacturing plant in Normal, Illinois and is building a second facility in Georgia.
Key Facts
| Industry | Electric Vehicles |
| Founded | 2009 |
| Headquarters | Irvine, CA |
| Employees | ~14,000 |
| Website | rivian.com |
| Funding | Public company since November 2021. Pre-IPO total raised: $10.5B |
About Rivian
Rivian manufactures electric pickup trucks and delivery vehicles, positioning itself as the leading EV company focused on the utility and commercial vehicle segments. The company's R1T pickup truck and R1S SUV target outdoor enthusiasts and adventure-focused consumers, featuring innovative design elements like a 'tank turn' mode and front trunk storage. Rivian's partnership with Amazon for electric delivery vehicles provides a significant commercial revenue stream and validates the company's technology for fleet applications.
Rivian went public in November 2021 in one of the largest IPOs in U.S. history, raising $12 billion at a $100+ billion valuation. The company operates its own manufacturing facility in Normal, Illinois, and is building a comprehensive charging network called the Rivian Adventure Network. Despite facing production challenges and supply chain constraints common to new automakers, Rivian's focus on the underserved pickup truck market and its Amazon partnership differentiate it from other EV startups targeting the passenger car market.
IPO Status
Rivian went public on the Nasdaq under ticker RIVN in November 2021 at $78 per share in one of the largest IPOs of that year. The stock briefly made Rivian worth more than Ford and GM before declining sharply. Rivian manufactures the R1T truck, R1S SUV, and Amazon delivery vans.
Competitors
Frequently Asked Questions
Does Rivian have a stock?
Yes, Rivian is already publicly traded. The company went public on the Nasdaq under ticker RIVN in November 2021.
When is the Rivian IPO date?
Rivian's IPO date was November 10, 2021 at $78 per share. It was one of the largest IPOs of that year, briefly making Rivian worth more than Ford.
How can I buy Rivian stock?
You can buy Rivian stock (RIVN) through any major brokerage account. The company trades on the Nasdaq.
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