The Rivian IPO: What You Need to Know

The Rivian IPO: What You Need to Know
A Rivian R1T electric truck drives down a highway near the entrance to Blue Origin's Launch Site One outside of Van Horn, Texas, on Oct. 12, 2021. Patrick T. Fallon/AFP via Getty Images
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Electric vehicle maker Rivian Automotive, Inc. NASDAQRIVN is all set to list its shares on Wall Street this week, having amended on Friday the Form S-1 statement originally filed on Oct. 1.

Rivian’s IPO Terms: Rivian proposes to offer 135 million shares of its Class A common stock in an initial public offering, with the price estimated in the range of $72–$74 apiece. Depending on the final pricing, the offering could garner gross proceeds anywhere between $9.72 billion and $9.99 billion.