$RIVN Stock IPO Begins Trading at $109 a Share

  • Post category:Stock Trading
  • Reading time:3 mins read
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RIVN stock IPO’d and began trading at around $109 per share on November 10, 2021.

Rivian Automotive is an electric truck maker backed by Amazon (AMZN) and Ford (F).

The RCV Platform

Our proprietary electric platform houses the drivetrain, braking, chassis, suspension, thermal and battery systems that power the Rivian Commercial Van. Built specifically for commercial uses, this foundation provides the capability and customization options to modernize our customers’ fleets.

Double-wishbone front suspension and twist beam with trailing arm rear suspension provide damping and maneuverability for any road, with optional all-wheel drive for snow, rain and ice. A 54.8-foot curb-to-curb turning radius enables navigation through tight urban spaces.

Our motors are designed to handle the stress of frequent stopping. They also extend battery range through regenerative braking while simultaneously reducing brake wear. Our drivetrain’s efficient simplicity means more uptime and long service intervals, even at high mileage.

Intelligent battery management systems control our high-energy density modules, designed for charging speeds of up to 150 kW.

Our platform provides a streamlined foundation for large cabins and storage spaces. Built for maximum storage, our configurable models have a payload capacity ranging from 1,960 pounds to 5,300 pounds.

A $64B valuation for Rivian ‘isn’t crazy,’ Barron’s says

On November 6, 2021, Barron’s published that Rivian Automotive (RIVN) is set to go public this coming week at a market value that could exceed that of Honda Motor (HMC) despite having sold just a handful of vehicles, but that’s not as crazy as it sounds, Al Root writes in this week’s edition of Baron’s. To many, a market cap around $64 billion makes no sense. However, the company has powerful backers – Ford (F) and Amazon (AMZN) – and a dive into the math suggests the valuation “isn’t quite as nuts as it looks,” the author notes. Source: https://www.barrons.com/articles/rivian-stock-price-ipo-electric-truck-51636129811?mod=past_editions

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