Rivian Shares Continue to Sink After Pricing $1.2 Billion Offering

Dow Jones
07/08
 

Shares of Rivian Automotive continued to fall after the electric automaker priced a $1.2 billion public offering of stock.

The stock fell 4.4%, to $15.76, in premarket trading Wednesday. Shares tumbled 18% during Tuesday's regular session, after the company initially disclosed the offering Monday evening.

Rivian said late Tuesday that it would sell 75 million shares of its common stock for $15.50 apiece. It will also grant underwriters a 30-day option to purchase up to an additional 11.25 million shares at the public offering price, minus discounts and commissions.

The company said it plans to use the proceeds from the sale for general corporate purposes, including equity requirements for a U.S. Department of Energy loan meant to support construction of its upcoming electric vehicle manufacturing facility in Georgia.

Six firms, led by Goldman Sachs and Allen & Co., are acting as joint book-running managers for the offering, which is expected to close Thursday.

 

Write to Connor Hart at connor.hart@wsj.com

 

(END) Dow Jones Newswires

July 08, 2026 06:57 ET (10:57 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10