Electric vehicle maker Rivian is now a publicly traded company, and is valued at over $100 billion. Its IPO marks the largest of 2021 and the biggest IPO of a US company since Facebook.
Rivian priced its initial public offering at $78 per share, well above the raised $72 and $74 price range. The stock opened at $106.75 per share and rose as high as $119.46. As of Wednesday afternoon, RIVN was still trading above $100.
Here's what we know about the IPO and how to buy Rivian stock in Canada.
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| Latest market close | $14.87 |
|---|---|
| 52-week range | $11.68 - $40.86 |
| 50-day moving average | $13.55 |
| 200-day moving average | $23.70 |
| Wall St. target price | $23.80 |
| PE ratio | N/A |
| Dividend yield | $0 (0%) |
| Earnings per share (TTM) | $-7.46 |
Note: The dollar amounts in the table below are in Canadian dollars.
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Historical closes compared with the close of $14.87 from 2023-05-30
| 1 week (2023-05-25) | 2.06% |
|---|---|
| 1 month (2023-05-01) | 17.55% |
| 3 months (2023-02-28) | -22.95% |
| 6 months (2022-12-01) | -52.76% |
| 1 year (2022-05-31) | -52.64% |
|---|---|
| 2 years (2021-05-28) | N/A |
| 3 years (2020-05-28) | N/A |
| 5 years (2018-05-28) | N/A |
| Revenue TTM | $2.2 billion |
|---|---|
| Gross profit TTM | $-3,123,000,000 |
| Return on assets TTM | -21.24% |
| Return on equity TTM | -41.98% |
| Profit margin | -292.63% |
| Book value | $13.76 |
| Market capitalisation | $13.5 billion |
TTM: trailing 12 months
We're not expecting Rivian to pay a dividend over the next 12 months.
Rivian Automotive, Inc. designs, develops, manufactures, and sells electric vehicles and accessories. The company offers five-passenger pickup trucks and seven-passenger sports utility vehicles. It provides Rivian Commercial Vehicle platform for Electric Delivery Van with collaboration with Amazon. com, Inc. The company sells its products directly to customers in the consumer and commercial markets. Rivian Automotive, Inc.
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