Neutral
Rivian announces $1 billion public offering of 75 million shares.
Rivian Automotive, Inc. has initiated an underwritten public offering of 75 million shares of its common stock, with an additional 11.25 million shares available through a 30-day option for underwriters. The company plans to use the net proceeds for general corporate purposes, including funding certain equity contributions. The offering is subject to market conditions and may not be completed or may be adjusted in size or terms.
Key points
- Rivian launches $1 billion public offering of 75 million shares.
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