Sul Nasdaq a multibillion-dollar IPO is on the way. To throw it is Rivian Automotive, a US startup owned by Ford and Amazon (12 and 20% respectively), active in the production of electric cars, trucks and vans. According to rumors published by some American newspapers - including the Wall Street Journal - the valuation of the entire company could reach exceed $ 60 billion. In fact, the objective would be to place the shares in a price range ranging from 57 to 62 dollars, for an overall collection that would be between 8,5 and 9,6 billion dollars.
The roadshow starts today and based on the roadmap, the shares are expected to land on Nasdaq Stock Market and begin to be exchanged next week.
As of 2019, as a privately held company, Rivian has received approx $10,5 billion from investors such as Cox Enterprises (as well as, of course, by the two big shareholders Ford and Amazon). According to some market rumors, a round of financing concluded in January would have brought the value of the company to 27,6 billion.
If, with the listing, the valuation really reaches over 60 billion, Rivian would be able to surpass a giant like the Japanese Honda Motor, which is worth about 53 billion dollars, in its debut. In truth, not even Ford would be far off, which is worth 71,6 billion of billions.
After years of accounts in the red, Rivian has recently begun to generate revenues and, in the documents filed in view of the IPO on the Nasdaq, it has announced that deliveries of the first vehicles have begun, even if, in the three months to September 30, have generated a limited turnover.
