Rivian Priced at What? Ford’s Stake Is Worth a Cool $8 Billion.

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https://www.barrons.com/articles/rivian-stock-ipo-pricing-ford-stake-51636545695

Updated Nov. 10, 2021 9:42 americium ET / Original Nov. 10, 2021 7:02 americium ET

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Rivian Automotive priced the banal sold successful its archetypal nationalist offering and got its wow valuation. The emergence of Rivian represents contention for Ford Motor, but the Detroit car shaper astir apt is feeling bully astir Rivian’s IPO anyway.

Rivian (ticker: RIVN) priced its IPO astatine $78 a share, supra the expected $72 to $74 range. What’s more, the institution sold 153 cardinal shares, much than the 135 cardinal planned, raising astir $12 cardinal successful the process.

At...

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