Rivian Details $100M IPO Effort

Irvine-based electric vehicle maker Rivian is planning to raise up to $100M in an IPO, according to the company’s S-1 filing. Rivian said on Friday that it has applied to list on the Nasdaq Global Select Market as RIVN. Rivian’s IPO is being underwritten by Morgan Stanley, Goldman Sachs & Co. LLC, J.P. Morgan, Barclays, Deutsche Bank Securities, Allen & Company LLC, BofA Securities, Mizuho Securities, Wells Fargo Securities, Nomura, Piper Sandler, RBC Capital Markets, Baird, Wedbush Securities, Academy Securities, Blaylock Van, LLC, Cabrera Capital Markets LLC, C.L. King & Associates, Loop Capital Markets, Ramirez & Co., Inc., Siebert Williams Shank, and Tigress Financial Partners. The company’s largest shareholders are Amazon, T. Rowe Price, Global Oryx Company, Ford Motor Company, and Mannheim Investments.