November 10, 2021 06:19 pm
Original Link: https://www.theverge.com/2021/11/10/22774403/rivian-ipo-debut-evs-12-billion-amazon-tesla-valuation
Rivian goes public in one of the biggest IPOs ever
Electric vehicle startup Rivian is now a publicly traded company after executing one of the biggest initial public offerings in history. Rivian shares started trading on the Nasdaq stock exchange Wednesday at around $78 per share. That gave Rivian an overall valuation of nearly $80 billion and helped it net $12 billion in fresh cash, despite the fact that it only just recently started to make and ship its first electric pickup trucks.
It’s the sixth-largest IPO ever on a US stock exchange, , and it’s hard to imagine the company picking a better time to debut. Tesla has generated an incredible amount of interest in electric vehicles and is now one of the most highly valued companies in the world. The public markets...
Original Link: https://www.theverge.com/2021/11/10/22774403/rivian-ipo-debut-evs-12-billion-amazon-tesla-valuation
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge