Rivian Automotive (RIVN)

IPO Stage
BETA

Keep the world adventurous forever.

Analytics

Stage

IPO

Platform

SoFi

IPO Date

11/10/2021

Method of Going Public

IPO

Expected Public Exchange

Nasdaq

Price Range

$72 - $74

Security Type

Equity - Common

Funding Type

S-1

Series

Series K

IPO Valuation

$62.3B

IPO Lead Underwriter

Morgan Stanley, Goldman Sachs, J.P. Morgan

# of Acquisitions

0

Location

Irvine, California

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

Hardwaretech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

High

Business Type

High Growth

Rivian, with an expected market capitalization of approximately $63 billion, will go public November 10 2021. Rivian is best known as a manufacturer of electric vehicles, especially its electric trucks and SUVs. Robert Scaringe founded the company in 2009 with the purpose of creating vehicles that would not hurt the environment. The company will trader under the ticker "RIVN" on the Nasdaq with Rivian offering over 150 million shares between $72 and $74.

Income Statement

Revenue

$0

Operating Expenses

Research/Technology & Development

$766,000,000

Sales & Marketing

$0

General & Administrative

$255,000,000

Total Operating Expenses

$1,021,000,000

Operating Income

$-1,021,000,000

Other Income, Net

$0

Income (Loss) Before Provision For (Benefit From) Income Taxes

$-1,018,000,000

Provision For (Benefit From) Income Taxes

$0

Net Income (Loss)

$-1,018,000,000

 

Net Income (Loss) Attributable to Common Stockholders:

Basic

$-1,019,000,000.00

Diluted

$-1,019,000,000.00

Net Income (Loss) Per Share Attributable to Common Stockholders:

Basic

$-10.09

Diluted

$-10.09

Weighted-Average Shares of Common Stock Used For Pro Forma:

Basic

101,000,000

Diluted

101,000,000

Balance Sheet - Assets

Current Assets

Cash and Cash Equivalents

$2,979,000,000

Accounts Receivable

$0

Total Current Assets

$3,016,000,000

Property and Equipment, Net

$1,445,000,000

Goodwill

$0

Intangible Assets, Net

$0

Restricted Cash

$0

Other Assets

$61,000,000

Total Assets

$4,602,000,000

Balance Sheet - Liabilities

Current Liabilities

Accounts Payable

$90,000,000

Accrued Expenses

$0

Other Current Liabilities

$22,000,000

Total Current Liabilities

$611,000,000

Total Liabilities

$742,000,000

Commitments and Contingencies

Convertible Preferred Stock

$5,244,000,000

Stockholders' (deficit) Equity

Common Stock

$0

Additional Paid In Capital

$302,000,000

Accumulated Other Comprehensive Income (Loss)

$0

Total Stockholders' (Deficit) Equity

$-1,384,000,000

Statements of Cash Flows

Cash Flows from Operating Activites

Net Cash Provided By (Used In) Operating Activities

$-848,000,000

Cash Flows from Investing Activites

Net Cash Provided By (Used In) Investing Activities

$-914,000,000

Cash Flows from Financing Activites

Net Cash Provided By (Used In) Financing Activities

$2,500,000,000

Total Cash, Cash Equivalents, and Restricted Cash

$0

Financials as of: 10/01/2021
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Rivian IPO 2021: Price, Dates, and All You Need to Know
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Platform: SoFi
Security Type: Equity - Common
Valuation: $62,258,677,654

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