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$PayPal (PYPL.US)$ Don't chase in; fall back in minutes. Big players can buy a whole piece of meat if they play like this to increase shipping; retail investors can just take a small look.
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Damn it what happened
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Rivian is going public on Wednesday, Nov.10th
join the discussion and post your thoughts!
$Rivian Automotive (RIVN.US)$ , the electric vehicle maker backed by $Amazon (AMZN.US)$ and $Ford Motor (F.US)$ , priced its IPO on Tuesday at $78 a share. The deal values Rivian at $66.5 billion.
Rivian is already worth almost as much as Ford ($79 billion) and General Motors ($85 billion). That’s all before the company has even started generating real revenue. $Lucid Group (LCID.US)$ is worth $72.5 billion even though the company just began production of its first cars. $Nikola (NKLA.US)$ ’s market cap was higher than Ford’s at one point last year before it's been accused to be a lie.
While Rivian is still effectively pre-revenue, the company said in its prospectus that it has a backlog of 55,400 pre-orders for its R1T and R1S electric vehicles. The company said it expects to fill those orders by the end of 2023. Additionally, $Amazon (AMZN.US)$ has ordered 100,000 vehicles to be delivered by Rivian by 2030, and the companies plan to have 10,000 new Rivian-Amazon delivery vehicles on the road as early as next year.
Even though Rivian and Lucid have delivered 0 vehicles to their customers. Investors are continuously trying to hop on "the next Tesla" at the early stage.
Join the Rivian IPO discussion now>>
Source:
Rivian prices IPO at $78 a share, valuing electric vehicle company at $66.5 billion
![Daily Poll: EV companies and their Price-to-dream ratio.](https://ussnsimg.moomoo.com/1636517846191-77777000-android-org.gif/thumb)
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$Tesla (TSLA.US)$ Kill, kill, kill.
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$Tesla (TSLA.US)$ any chance going below USD1,000?
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$UP Fintech (TIGR.US)$ That's really enough trash
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$Lucid Group (LCID.US)$ lets show some green moo moo
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$Moderna (MRNA.US)$ 130 is the most.
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$Tencent (TCEHY.US)$ hi, may i know. if ADR delisted, can it be convert to hk share? or what is the risk of holding ADR ?
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