Rivian has submitted a first draft of what could be its public offering (IPO) with the Securities and Exchange Commission (SEC) according to a press release published by the same company last Monday. Details regarding the amount of this IPO have not been disclosed by this startup that, in recent months, has become one of the most promising in the automotive industry, but some outlets such as Car & Driver have cited a report from Bloomberg where it is argued that the figure amounts to $ 100 one billion, according to information provided by people close to this negotiation.
Favored by many fronts, Rivian has seen its best fruits in recent months thanks to various events that have increased its value: firstly, the unveiling of its first two fully electric vehicles, the R1T and R1S , two examples that have positioned themselves very well among the most anticipated models of the year as two great contenders in each of its segments. This was followed by the support of Ford, but also of Amazon, a company that also plans to have a fleet of delivery trucks built by Rivian after Jeff Bezos, its CEO, traveled aboard a R1S to the launch pad of the Blue Origin, the rocket the billionaire took to space on a successful maiden voyage .
Despite the delays that the automotive industry has experienced due to shortages of chips and other inputs , after all that chain of fortunate events, Rivian also announced that the production of its R1T – the all-electric truck that comes to compete with other examples such as the F – 150 Lightning or Tesla’s belated Cybertruck – to start in September this year, reserving next year for your R1S SUV .
The company has also been looking for locations for its second assembly plant in the United States and, according to some reports, also has engaged in registering new makes for potential vehicles in the future. Simply put, Rivian is at its best and this public offering, which the company has described as “confidential”, could be a new chapter in its successful record of the last few months .
Rivian’s public offering is now under review with the SEC, but the company did not give further details about it.
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