Step-by-Step Guide How to Buy Rivian IPO Stock at Its Offer Price
- Check the Rivian IPO details. Always Do Your Own Research (DYOR) for the company that is going for IPO first.
- Find a broker. You need a broker that can provide you access to the IPO. ...
- Check eligibility criteria. ...
- Create trading account. ...
- Deposit your account. ...
- Request Rivian shares. ...
- Wait for allocation. ...
Should you buy into an eventual Rivian IPO?
Mar 10, 2022 · The most conservative way to buy Rivian stock would be to wait for the IPO and buy the shares on the public post-IPO market. You can do this through any brokerage account. You won’t get in at the low price offered by pre-IPO or IPO purchases, but it’s the simplest way to invest, and there’s still a substantial upside if the company succeeds.
Can you buy Rivian stock?
Dec 02, 2021 · How to Invest After Rivian IPO at Its Opening Price. The most conservative way to buy Rivian stock would be to wait for the IPO and buy the shares on the public stock market. You can do this through the same brokers that provide access to IPOs or a trading app. Most of them have a stock trading functionality.
How to invest in Rivian?
Jan 07, 2021 · How to buy shares in Rivian. Compare share trading platforms. Use our comparison table to help you find a platform that fits you. Open your brokerage account. Complete an application with your details. Confirm your payment details. Fund your account. Research the stock. Find the stock by name or ...
How high can Rivian stock go?
Nov 06, 2021 · Rivian Automotive IPO updates. Rivian Automotive has an offering size of 135 million shares of class A stock as per the S-1. Rivian Automotive IPO is expected to price between $57 and $62 per share and the price can rise according to demand. It is expected to have its IPO on 10 November and will trade on NASDAQ.
How do I buy pre IPO rivian stock?
To participate in Rivian IPO you need to use an IPO investing app like Freedom Finance (NASDAQ: FRHC), TD Ameritrade or Fidelity. They give its customers access to IPOs and secondary offerings through their existing brokerage account.Nov 10, 2021
How do I buy shares in an IPO?
How to Buy Shares from an IPO?Step 1: You may acquire the physical application form from a broker or a distributor or a bank branch. ... Step 2: You can then fill the form with your details, both personal and bank and demat account related.Step 3: Provide your total investment amount.More items...•Jan 13, 2022
Is it good to buy IPO on first day?
In a previous post, we looked at how some highly anticipated IPOs have fared so far in 2019. As an average investor, buying shares on the first day of trading would have resulted in gains for half of the investments made.
Is buying IPO a good idea?
Is Buying an IPO a Good Idea? Generally speaking, IPOs are risky and therefore ideal for investors with high risk tolerance. If participating in an IPO sounds appealing, keep in mind the risks of buying IPO stocks.18 hours ago
What is an IPO?
When a private company or a startup first sells its shares to the general public, this process is known as an Initial Public Offering (IPO). An IPO means that a company's ownership is transferred from private ownership to public ownership. That is why the IPO process is called "going public".
What is Rivian?
Rivian Automotive is a company that designs, develops, and manufactures electric vehicles and accessories. It offers two electric vehicles: a pickup truck and an SUV built on the R1 platform. The company also provides Rivian Cloud software applications and maintenance and support services.
Rivian Competitors
Rivian Automotive's top competitors include Tesla, Zoox, Lucid Motors and BYTON.
Rivian pre-IPO Investors
The company raised $2.5 billion from a group of investors led by Amazon's Climate Pledge Fund, D1 Capital Partners, Ford, and funds and accounts managed by T. Rowe Price Associates Inc.
How to Participate in Rivian IPO Before Shares Hit the Public Market
In the past, Initial Public Offerings as a profitable investment type were only available to big funds or elite customers of major brokerage firms or banks and it was hard (almost impossible) for retail investors to gain access to IPOs.
Step-by-Step Guide How to Buy Rivian IPO Stock at Its Offer Price
Check the Rivian IPO details. Always Do Your Own Research (DYOR) for the company that is going for IPO first.
What Brokers Offered Access to this IPO?
Rivian IPO was available through Freedom and SoFi. Now shares are available for trading through Freedom Finance platform.
What is NIO in China?
NIO Inc. designs, develops, manufactures, and sells smart electric vehicles in China. The company offers five, six, and seven-seater electric SUVs, as well as smart electric sedans. It is also involved in the provision of energy and service packages to its users; marketing, design, and technology development activities; manufacture of e-powertrains, battery packs, and components; and sales and after sales management activities. In addition, the company offers power solutions, including Power Home, a home charging solution; Power Swap, a battery swapping service; Public Charger, a public fast charging solution; Power Mobile, a mobile charging service through charging vans; Power Map, an application that provides access to a network of public chargers and their real-time information; and One Click for Power valet service, where it offers vehicle pick up, charging, and return services. Further, it provides repair, maintenance, and bodywork services through its NIO service centers and authorized third-party service centers; statutory and third-party liability insurance, and vehicle damage insurance through third-party insurers; courtesy car services; and roadside assistance, as well as data packages; and auto financing services. Additionally, the company offers NIO Certified, a used vehicle inspection, evaluation, acquisition, and sales service. NIO Inc. has a strategic collaboration with Mobileye N.V. for the development of automated and autonomous vehicles for consumer markets. The company was formerly known as NextEV Inc. and changed its name to NIO Inc. in July 2017. NIO Inc. was founded in 2014 and is headquartered in Shanghai, China.
What is a workhorse?
Workhorse Group Inc., a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency. It offers electric and range-extended medium-duty delivery trucks under the Workhorse brand; and HorseFly Unmanned Aerial System, a custom-designed purpose-built all-electric drone system. The company was formerly known as AMP Holding Inc. and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
What is Tesla's business?
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits. It provides sedans and sport utility vehicles through direct and used vehicle sales, a network of Tesla Superchargers, and in-app upgrades; and purchase financing and leasing services. This segment is also involved in the provision of non-warranty after-sales vehicle services, sale of used vehicles, retail merchandise, and vehicle insurance, as well as sale of products through its subsidiaries to third party customers; services for electric vehicles through its company-owned service locations, and Tesla mobile service technicians; and vehicle limited warranties and extended service plans. The Energy Generation and Storage segment engages in the design, manufacture, installation, sale, and leasing of solar energy generation and energy storage products, and related services to residential, commercial, and industrial customers and utilities through its website, stores, and galleries, as well as through a network of channel partners. This segment also offers service and repairs to its energy product customers, including under warranty; and various financing options to its solar customers. The company was formerly known as Tesla Motors, Inc. and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was founded in 2003 and is headquartered in Palo Alto, California.
Where is Workhorse located?
and changed its name to Workhorse Group Inc. in April 2015. Workhorse Group Inc. was founded in 2007 and is headquartered in Loveland, Ohio.
Where is Tesla located?
and changed its name to Tesla, Inc. in February 2017. Tesla, Inc. was founded in 2003 and is headquartered in Palo Alto, California.
Who is Dawn Daniels?
Dawn Daniels is a publisher with Finder, based out of Oregon. Her background includes editing more than 40 published books, including books on personal finance and meditation. In her spare time, Dawn enjoys hiking ridiculous distances and collapsing in exhaustion.
How much money did Rivian raise?
Rivian has raised nearly $6 billion in venture capital funding as of mid-2020. Prominent investors include BlackRock, Ford, T.Rowe Price, Fidelity, Cox Automotive, and Amazon. On January 19th, 2021, Rivian closed a $2.65 billion new round of funding valuing the company at $27.6 billion, according to TechCrunch .
Where is R1T manufactured?
It was founded by R.J. Scaringe, who earned a Ph.D. from MIT in mechanical engineering and was a member of the automotive laboratory. The company is based in Plymouth, MI. and has a manufacturing plant in Normal, Il., which it acquired from Mitsubishi Motors in January 2017. R1T and R1S vehicles. Photo via Rivan.
What is directed share program?
Sometimes when companies file their S-1 SEC filing (to begin the IPO process), they include a directed share program for executives, affiliates, and other people who helped the company grow.
Is SPAC publicly traded?
SPACs have become popular recently after Virgin Galactic, Lordstown Motors, and Nikola used them to become publicly traded companies. Using a SPAC to go public allows the company to skip the complicated and expensive IPO process. SPAC founders call companies like Rivian to convince them it would be a smart move.
Is Rivian IPO necessary?
As long as private funding is available, a Rivian IPO may not be necessary. However, early investors will eventually want to cash out, and the best way to do that is an IPO. The market for public EV companies is exceptionally good in 2020 and 2021, which could move up the timeline for Rivian.
Who is Rivian working with?
Rivian is working with advisors Goldman Sachs, J.P. Morgan, and Morgan Stanley, according to reporting by Bloomberg in late May 2021. We won’t know the date until one of two things happens: The Rivian IPO date range leaks to the financial press. The SEC releases a publicly-available Rivian S-1 filing.
Who is Rivian electric?
Rivian is an electric vehicle manufacturer focused on up-heaving the market for consumer pickup trucks, SUVs, and delivery vans. The company rivals Tesla, Lucid Motors, and Nikola in the expanding electric vehicle market, which is set for explosive growth in the next decade.
Rivian Automotive IPO updates
Rivian Automotive has an offering size of 135 million shares of class A stock as per the S-1. Rivian Automotive IPO is expected to price between $57 and $62 per share and the price can rise according to demand. It is expected to have its IPO on 10 November and will trade on NASDAQ. This will be the biggest IPO deal of 2021.
Business of Rivian Automotive
Irvine California-based Rivian Automotive designs, develop and manufacture electric trucks and SUVs to deliver them directly to the customers in consumer and commercial markets. Along with vehicles, they also manufacture accessories needed and offer fleet management systems.
Financial profile
The financials of Rivian Automotive are given below. The company is not yet fully profitable. As of June 30, 2021, they have cash of $3.7 billion and liabilities of $972 million.
Management Objectives of IPO
As per the S-1 report, Rivian Automotive will use capital to ramp up its two consumer-oriented EV trucks production.
Rivian Automotive IPO Analysis
Seeing the stats for the growth story of eclectic vehicles, Rivian Automotive IPO can perform very well in long term. The company is not profitable yet. As of 30 June 2021, the company has recorded zero revenue. The firm has launched its first consumer truck so will produce revenues in next quarter.
Rivian Financial History
Rivian Automotive was founded in 2009 by R.J. Scaringe with the purpose of developing products, vehicles and services with a focus on sustainable transportation. The company currently has several manufacturing locations that include Plymouth, Michigan; Carson, San Jose; Irvine, California; and Normal, Illinois.
Rivian Potential
Many analysts and automotive industry professionals consider Rivian a significant rival to Tesla in the EV market. Also, given the impressive list of its high-profile investors, the potential for Rivian’s IPO could be significant to anyone fortunate enough to buy the shares on the first day of trading.
How to Buy Rivian Stock
The process of a company issuing stock requires an agent to offer the shares to the public. This role is traditionally performed by an investment bank, a broker-dealer or a group of broker dealers and investment banks that initially purchase the shares from the company to distribute to investors.
Is Rivian for You?
While you might not have gotten Rivian shares at the IPO price, you can still buy the shares on the open market.
Methodology
For brokerage reviews, Benzinga created a weighted scale based on the following criteria: usability, services offered, customer service, education, research, mobile app, account minimums and fees. We aim to provide the most up-to-date, impactful and trustworthy reviews. For an in-depth look at our process, read the full methodology process.
Rivian Has Developed a Superior Truck
By all accounts, Rivian has developed quite a unique truck. The R1T truck has four permanent-magnet motors mounted at each wheel. This allows the vehicle to produce 835 horsepower and 908 lb-ft of torque. It has a large 135-KW battery pack capable of charging at speeds of 190-kW to 300-kW.
Lack of Positive Short-term Catalysts for RIVN Stock
The specs of the R1T pick-up give Rivian a good chance of disrupting the industry. It will then all boil down to execution risk. Will Rivian be able to scale its production in order to meet future demand? I’ve covered another stock, Lucid Motors (NASDAQ: LCID ), that is in a similar situation.
Your Takeaway
Given the lack of positive news on the horizon, unless we get some surprise announcement, I expect RIVN stock to continue its downward trend.
