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Electric vehicle maker Rivian wrapped its initial public offering at US$78 per share, well above the raised US$72 and US$74 price range. The offering values Rivian at US$66.5 billion.
Shares shot up to US$106.75 when trading opened and were holding just about US$100 near the close.
Rivian Automotive filed a draft registration with the US Securities and Exchange Commission under the ticker symbol RIVN. Not yet an official IPO, it's one of the first steps of taking a private company public.
The stock is expected to cost between US$57.00 and US$62.00. It's expected to launch Nov. 10. The shares will be available on the Nasdaq Global Select Market.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Rivian Automotive can be useful in determining how the market is performing and whether now is a good time to invest in this industry. Select a company to learn more about what they do and how their stock performs, including market capitalisation, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn't include every stock available.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
The Dynabook Tecra A40-J won't win any awards for entirely innovative design ideas, but then it's much more of a workhorse design and power set for business users. Somebody else can test its antimicrobial paint however.
An easy to use, simple air fryer.
The 10 biggest movers on the ASX for Tuesday 30 November 2021.
It grills, it fries, it ovens, but not as well as an oven or stovetop.
Shares in the struggling wealth management giant are down more than 40% in the last 12 months.
The Dynabook E10-S is specifically targeted at parents who need a simple and robust computer for their school kids to use and hopefully not break too quickly.
Nespresso’s top of the range coffee machine is excellent and luxurious, despite being $1000 more than the base model that makes the exact same quality coffee.
Temporary residents will have to wait a little longer before they can access the freedoms enjoyed by other Australians.
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