The Rivian company had recently filed one of its confidential paperwork with the SEC (Securities and Exchange Commission). The company made this move because the company wanted to become a publicly traded company. Rivian company has decided to launch its IPO, which means the company will offer its shares by a company in exchange for capital. This entire process will be regulated under the supervision of the SEC-Securities and Exchange Commission. Let’s get straight to what we know about Rivian IPO Date.
Rivian had released its S-1 filing on October 1st, 2021. The company had disclosed its aim to sell the company’s shares on Nasdaq. The official confirmed date for the release of Rivian IPO has not yet been disclosed, but some sources have released the news to expect it around November 25.
Rivian had reported that the company will have an expenditure of $8 billion by the end of 2023. This expenditure is expected to support the continuation of the company’s commercialization and for its growth. The company will have to spend on its infrastructure, for the manufacturing process, software development, and many other expenditures on improving the essential requirements, for the betterment of the company.
How to Buy At Rivian IPO?
you can participate in buying and selling Rivian IPO through various well-known platforms. Once the Rivian IPO has been launched, the online trading platforms will make the feature of buying/selling Rivian IPO on their platform. You can even take the help of the brokers or sub-brokers for trading Rivian IPO. After the Rivian IPO launch, all the online trading platforms will not have the option for trading Rivian IPO. It will take time but slowly by slowly, when the demand in the public increases all the online trading platforms tend to enable trading Rivian IPO.
People Also Ask -Rivian IPO DATE
Can I Buy Rivian Stock Pre IPO?
Yes, you can buy Rivian stock pre IPO. You will need to fulfill all the requirements and be eligible for purchasing the stock under U.S. security laws. Despite being a startup, Rivian has made achievements as well as faced many losses. But still, many people are interested in investing in this company. They see the future growth of this company and have kept many expectations from it.
Rivian, Electric vehicle maker backed by Amazon and Ford, files to go public
Recently some news has leaked out regarding the Rivian company getting high support from Amazon and Ford. Some leaked paper was found and circulated which showed that the Rivian company had faced a huge net loss of $994 million on zero revenue. According to sources, this huge loss was faced by the company in the first six months of this year. This news of Rivian facing huge loss was spread publicly very soon. But soon in September this year, the Rivian company beat Tesla, GM, and Ford in the market. Tesla, GM, and Ford are from one of the top leading vehicle manufacturing companies.
After Rivian defeated Tesla, GM, and Ford, it started gaining more and more value in the market. Rivian was able to beat these leading companies as it had designed a plan for an electric pickup. This electric pickup plan is named R1-T. It has been gaining interest from the public from all over the world and has started to receive many positive comments.
Rivian automotive technology company has also manufactured many delivery vans for Amazon, especially for commercial use. Information provided by sources implies the company has already filed for an initial public offering on Friday. The company has planned to trade on the Nasdaq. It will probably start to trade on that site by the name “RIVN” according to the opinion of inner officials.
Earlier two years ago, the company had reported a net loss of up to $1.02 billion. It had suffered a greater downfall when compared to this year. Even after facing such huge losses, the company made new achievements this year and made a comeback in the market. The company has even designed a seven-passenger SUV – called R1S and is getting prepared for its grand launch soon. The company’s achievement of R1T and R1S has brought a turnover to the company and saved it from downfall. Amazon and Ford are said to have owned more than 5% of the Rivian company. Rivian’s commercial vehicle manufacturing business is being highly dependent on Amazon for its future benefits. During Rivian’s downfall, the company was backed by the other two strong leading companies.
