0R15 9025.0 0.0% 0R1E 9410.0 0.0% 0M69 None None% 0R2V 247.99 9682.643% 0QYR 1567.5 0.0% 0QYP 439.3701 -2.9016% 0RUK None None% 0RYA 1597.0 1.2682% 0RIH 195.55 0.0% 0RIH 191.4 -2.1222% 0R1O 225.5 9683.0803% 0R1O None None% 0QFP 10475.8496 107.8542% 0M2Z 252.573 0.2373% 0VSO 33.0 -7.3164% 0R1I None None% 0QZI 622.0 0.0% 0QZ0 220.0 0.0% 0NZF None None% 0YXG 222.05 -4.1318%
The Offering
Company Overview
Rivian Automotive designs, develops, and manufactures category defining EVs and accessories. The company markets the products directly to its customers in both the consumer and commercial space. The company has launched the R1 platform with their first generation of consumer vehicle. Initially the company launched its R1T, a two-row five-passenger pickup truck. Next it plans to launch the R1S, a three-row seven-passenger SUV, in December 2021. In commercial market, the company will launch the Rivian Commercial Vehicle (RCV) platform with their first vehicle- Electric Delivery Van (EDV). This vehicle has been designed and engineered by Rivian in collaboration with Amazon.
Source: Company Website
Key Highlights
Source: Company Prospectus
Source: Company Prospectus
Financial Highlights
Source: Company Prospectus
Key Management Highlights
Source: Company prospectus
Risk Associated (High)
Investment in the IPO of “RIVN” is exposed to a variety of risks such as:
Conclusion
Rivian Automotive Inc, backed by Amazon.com Inc and Ford Motor Co, is targeting a valuation of nearly $65 billion in its initial public offering in the United States. The company is investing aggressively to ramp up its production and has a good order book, including the 100,000 Electric Delivery Van order from Amazon.
However, Rivian is a growth stage company with a history of losses and expects to incur significant expenses and continuous losses for the foreseeable future. Also, the company would witness steep competition from automakers in both the consumer and commercial van markets.
Therefore, the IPO of Rivian Automotive, Inc. would be “Attractive’ only for High-Risk appetite investors.
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