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How to buy Rivian Automotive (RIVN) stock from Malaysia

Rivian priced its IPO at US$78 per share, valuing the company at US$66.5 billion. Here's what you need to know.

Electric vehicle maker Rivian wrapped its initial public offering at US$78 per share, well above the raised US$72 and US$74 price range. The offering values Rivian at US$66.5 billion.

Shares shot up to US$106.75 when trading opened and were holding just about US$100 near the close.

What we know about the Rivian Automotive IPO

Rivian Automotive filed a draft registration with the US Securities and Exchange Commission under the ticker symbol RIVN. Not yet an official IPO, it’s one of the first steps of taking a private company public.

The stock is expected to cost between US$57.00 and US$62.00. It’s expected to launch Nov. 10. The shares will be available on the Nasdaq Global Select Market.

How to buy shares in Rivian Automotive from Malaysia

To buy shares listed in the US, you’ll need a brokerage account with access to the US stock market. Check out the steps below:

  1. Compare share trading platforms. To buy shares in a US company you’ll need to find a trading platform that offers access to US stock markets. Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for Trump Media and Technology Group. Find the share by name or ticker symbol: RIVN. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Rivian Automotive reaches your desired price.
  5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market’s ups and downs.
  6. Check in on your investment. Congratulations, you own a part of Rivian Automotive.

How do similar companies perform?

It’s impossible to predict how any stock will perform — and IPOs can be particularly volatile. But evaluating the performance of companies like Trump Media and Technology Group can be useful in determining how the market is performing and whether now is a good time to invest in this industry.

Select a company to learn more about what they do and how their stock performs, including market capitalisation, the price-to-earnings (P/E) ratio, price/earnings-to-growth (PEG) ratio and dividend yield. While this list includes a selection of the most well-known and popular stocks, it doesn’t include every stock available.

Compare online brokers

Name Product Brokerage fee Interest on deposit? Intraday trade CDS fee
Zacks Trade
Zacks Trade
US$0.01
No
Yes
N/A
CFD Service. Your capital is at risk.
The Zachs Trade platform offers stocks, ETFs, bonds, options, and more with access to more than 90 exchanges worldwide
Alliance Bank Trading Account
Alliance Bank Trading Account
0.15% - 0.29%
Yes
Yes
N/A
CFD Service. Your capital is at risk.
Trade on-the-go and diversify your portfolio with a myriad of investment products, ranging from bonds to unit trusts.
CIMB Trading Account
CIMB Trading Account
0.22% - 0.45%
Yes
Yes
RM0
CFD Service. Your capital is at risk.
Access multiple stock exchanges,  exclusive research materials, real-time portfolio management, and other trading conveniences to grow your investments.
Hong Leong Trading Account
Hong Leong Trading Account
RM8 - 0.10%
Yes
Yes
RM10
CFD Service. Your capital is at risk.
Enjoy the flexibility of bursa trading and access global markets with a single platform.
Rakuten Trade Trading Account
Rakuten Trade Trading Account
RM7 - RM100
Yes
Yes
Free
CFD Service. Your capital is at risk.
Benefit from low fees and earn reward points when you trade on this all-in-one digital brokerage.
RHB Trading Account
RHB Trading Account
0.21% - 0.42%
Yes
Yes
RM10
CFD Service. Your capital is at risk.
Trade in futures, shares, and warrants across major foreign markets with Malaysia's largest investment bank.
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Compare up to 4 providers

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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