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Rivian prepared for a massive $ 66.5bn market

The electric car manufacturer Rivian has bought its first public price at $ 78 a share, much more than expected, and established one of the largest US brands in the market over the past decade.

Prices, confirmed by two sources who have a direct knowledge of the company’s plans, have raised more than $ 10.5bn per. Rivian at a market price of $ 66.5bn, or $ 77bn on a reduced basis.

The Amazon-backed company is due to make its first sale on the Nasdaq exchange Wednesday morning.

The donation value represents the largest jump on the $ 52- $ 62 share that was reported earlier this month, and in addition to its $ 72- $ 74 revised plan recently announced Monday.

The upside target reflects Rivian’s heavenly hopes, which still do not record any cash, and lost nearly $ 1bn in the first half of this year.

Rivian has more than 50,000 pre-orders for its R1T truck and R1S sports car, as well as an order from Amazon for 100,000 vehicles to be delivered by 2025. The ecommerce team participated in several billions of Rivian billions. , and owns 22 percent of the company.

Advertisers see an opportunity to buy a company that others see as potential potential for Tesla’s victory, which in October won. market value of $ 1tn.

“The dream they are selling is amazing,” said a Rivian IPO employee.

“When you think about Rivian’s lead at Tesla, and what happened to the price, and how it has disrupted the business and caused a stir, the dreams around Rivian are also real. It’s amazing.”


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