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Rivian released its S-1 filing to the public on October 1st, 2021. Read it here. The stock will trade on the Nasdaq under the stock symbol “RIVN” likely sometime before the end of 2021.
Customers who preordered an R1T or R1S by September 30th, 2021 may receive preferential access to the Rivian IPO. See Directed Share Program section below for more information. Emails went out October 20th. Must indicate interest by 11:59pm, October 25th.
Latest Rivian Stock IPO News
10/05/2021: Rivian’s Long, Messy Road to Its First Electric Truck
10/04/2021: Inside the Rivian R1T and its IPO filing
10/01/2021: Rivian Automotive S-1 Filing Released to Public
09/17/2021: Rivian and Lucid Turn Up the Heat on Tesla With Big Milestones
09/16/2021: Rivian announces membership plan with complementary charging and LTE
09/15/2021: Electric vehicle maker Rivian aims to raise as much as $8 billion in IPO
09/14/2021: EV start-up Rivian beats Tesla, GM, Ford as first automaker to produce electric pickup
09/04/2021: [Economist] An electric-vehicle startup aims for a stellar valuation
08/31/2021: 2022 Rivian R1T Is the Most Remarkable Pickup We’ve Ever Driven (Video Below)
08/27/2021: Rivian Files for IPO, Seeking About $80 Billion Valuation
Older news… (40+ additional articles).
What is Rivian?
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.
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.
Motortrend test drove the “mindbending” Rivian RT1 electric pickup truck and released this video on August 31st, 2021.
Is Rivian Publicly Traded?
No, the company is privately owned. The shareholders are made up of the founders, large corporations, early investors, and employees.
Rivian has raised about $10.5 billion in venture capital funding as of mid-2021. 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 at the time, according to TechCrunch.
On July 23rd, 2021, Rivian announced a new $2.5 billion round led by Amazon’s Climate Pledge Fund.
The company is working with Goldman Sachs, J.P. Morgan, and Morgan Stanley for its IPO, now targeting a $80 billion valuation, significantly higher than its latest funding rounds.
Rivian released it’s SEC S-1 filing to the public on October 1st, 2021 indicating the IPO is forthcoming.
You can find a complete list of Rivian investors at Crunchbase.
When is the Rivian IPO date?
The specific Rivian IPO date is currently unknown. Private funding has covered its employee, product development, and production costs so far.
The public release of the S-1 filing occurred on October 1st. This indicates the IPO should happen in the next month or two, consistent with previous reporting that the company aims to complete its IPO by Thanksgiving, subject to market conditions.
The IPO date typically occurs a month or two after the S-1 releases to the public.
Because Rivian is a so-called unicorn, you can be sure that the Rivian IPO date announcement will be loudly publicized, especially after the rise in Tesla stock and the initial positive reception of rival electric truck company Nikola.
What is the Rivian Stock Price?
Since Rivian is not publicly traded on a stock exchange, there is no Rivian stock price yet.
The company stock will begin trading on its IPO date. The price will update below when it begins trading.
What is the Rivian Stock Symbol, Rivian Ticker?
The Rivian stock symbol will be “RIVN”, according to the S-1 filing. It will trade on the Nasdaq marketplace.
Where Can I Find the Rivian S-1 FIling?
Read it on the SEC website or below.
Interview with Rivian CEO RJ Scaringe
Bloomberg Technology posted this 21-minute interview with Rivian CEO RJ Scaringe on November 23rd, 2020.
He talks about orders, production, constraints, and service network development.
Regarding a potential Rivian IPO, the interviewer asks a question at 15:51 in the video, have you any thoughts about taking the company public?
Scaringe answers that they’ve raised $6 billion in capital from strategic partners and financial institutions.
Thus far, the funding allows them to be “heads down” and “focused” on launching and building the vehicles and building out the complexity of setting up all the back-end operations such as service, retail, and charging across markets.
Funding should enable the company to focus on delivering over the next year, and investors are 100% supportive of that.
Will Rivian Stock be a Motley Fool Stock Advisor Recommendation?
We won’t know until after the IPO if Rivian will be a Motley Fool Stock Advisor recommendation. However, Rivian stock fits the mold of high-growth, disruptive business models that the Fool typically recommends.
Considering the Fool’s early Tesla buy recommendation, I wouldn’t be surprised if Rivian stock becomes a top pick after the IPO.
When the Motley Fool recommends a company, there is usually an immediate spike in the price. Fool newsletter subscribers are notoriously long-term-minded and rarely sell, meaning the stock price will continue to rise.
Rivian may also receive a recommendation by the Motley Fool Rule Breakers (review) newsletter, its high-growth stock recommendation service. Both services have handily beaten the broader market since the early 2000s.
Read this Motley Fool Stock Advisor review to learn about their stock selection methodologies and about how you can participate in excellent returns.
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Read more: The 5 Best Stock Newsletters for Buy and Hold Investors
Indirect Rivian Stock Ownership
Investors looking for immediate access to a minuscule amount of Rivian equity can look at derivative plays — stocks that own private shares of Rivian.
Technically, by owning the indirect investment, you will own some Rivian.
But this strategy will not lead to big returns.
The most prominent of these is Amazon (AMZN) which invested in Rivian in February 2019 and again in 2021 through its Climate Pledge initiative.
Amazon has invested in Rivian and continues to be a customer, buying electric delivery trucks. However, Amazon’s market cap (~$2 trillion) is so large that even if Rivian has a successful IPO, the Amazon shares will not be affected much.
Another indirect play is Ford (F), which invested $500 million in Rivian in April 2019. Ford plans to utilize some of Rivian’s designs and technology for a future car.
At a market cap of around $50 billion, Ford stock may see more benefit from a rise in Rivian’s valuation leading up to and into the Rivian IPO.
Other publicly traded Rivian investors that may indirectly benefit from rising Rivian equity include Blackrock (BLK) and T. Rowe Price (TROW).
Can you Buy Rivian Stock? Four Potential Ways
It is challenging to acquire shares of a stock that is not yet trading on the public markets. It is possible, but you may not be eligible, and it may not be worth the hassle.
For example, if you look at Uber stock, individual investors salivated for years, waiting for it to trade publicly. When it finally went public, the stock price fell. So you were better off waiting to buy the stock instead of buying it before the IPO.
There are three ways you may be able to acquire shares of a pre-IPO stock such as Rivian.
- Buy Rivian stock after it begins trading
- Buy the stock during the Initial Public Offering (IPO)
- Buy the stock in Pre-IPO secondary marketplaces
- Participate in the Directed Share Program (for those who preordered an R1T or R1S as of September 30, 2021)
1. Buy Rivian Stock After the Rivian IPO
Since acquiring IPO shares is almost always challenging for individual investors, the only surefire way to own Rivian stock is to wait for the IPO to complete.
In many cases, patient investors can get in at a price at or below the IPO price. This is not always true.
The Beyond Meat IPO, for example, soared and never looked back. But Uber, which many predicted to rise steeply, actually fell on the IPO date.
The moral here is that spending significant effort to own a company before the IPO may not be worth it in the end. You may also spend time and effort to obtain shares but only receive a small allocation. Even if the stock soars, your upside gain may be limited.
Though IPOs can provide one-day gains north of 20%, even up to 100% in rare cases (such as Airbnb and Doordash), the most significant gains will come during the decade following the IPO if the company is genuinely disruptive.
Take, for example, Netflix, Amazon, or Tesla. You could have bought the stock years after the IPO and still experienced gains of more than 1,000%
Your best chance to own the stock is by waiting for the IPO and making a purchase of Rivian stock through a no-fee online brokerage account.
So what is the best online brokerage for buying Rivian stock?
As an individual investor, you’ll want to open an account with a commission-free online broker. That way, you’ll invest most of your money instead of waste it on fees.
What is the Best Online Broker to Buy Rivian Stock after the IPO?
For investors looking to participate in IPOs, TradeStation and Webull offer IPO investing to customers (more below). However, you’re never guaranteed a share allocation, and most high-demand IPOs will not be available.
Long-term investors may prefer an online broker that’s better for dollar cost averaging and dividend reinvestment.
I’m a big fan of the online brokerage M1 Finance. M1 Finance is a reliable and robust, no-fee online broker for beginner to intermediate investors. It’s easy to get started.
As your investing skills and portfolio mature, M1 is one of the best platforms to scale.
Investing in stocks is 100% free on the platform. They also offer an integrated checking account and low borrowing rates. Read my complete M1 Finance review here.
M1 Finance does not offer IPO access. But it’s my favorite for everyday investing.
The platform is more intuitive than traditional brokers because it’s built on a modern technology platform. You create portfolio “pies” that contain all the stocks and ETFs you want to own and in what percentages. Simply add Rivian stock (or a derivative stock) to your portfolio pie when available.
2. Buy Stock in the Rivian Initial Public Offering (IPO)
Ambitious investors may attempt to position themselves to invest in the Rivian IPO once it arrives. Most retail investors will not get access.
The wealthiest clients at the top investment banks will get IPO shares in the hottest deals.
Your chances of getting IPO shares depends on four factors:
- IPO demand
- Your broker and eligibility
- Your assets under management at the broker
- Propensity to flip shares
As IPO demand increases, the chances of receiving IPO shares decreases. Therefore, the IPOs that are most interesting to the masses are the hardest to access.
Lower-demand IPOs may be available to retail investors who are customers at participating brokers.
What are the Best Online Brokers for IPO Investing?
For an extensive list of IPO-friendly online brokers and their eligibility, check out this page.
Wealthy customers ($1 million+ accounts) at Fidelity, TD Ameritrade, and Schwab may have a shot at some IPOs, depending on demand.
TradeStation and Webull are the best options for investors with less than $250,000. Both give limited access to lower-demand IPOs and secondary offerings through a partnership with ClickIPO, an IPO investing app.
Joining a broker that offers access to IPOs does not guarantee a share allocation, especially in high-demand IPOs. You are probably better off waiting for the company to start trading after the IPO.
Click here to download the free 15-page eBook, How to Invest in IPOs – A Fundamental Guide for Ordinary Investors.
3. Buy Rivian Stock in Pre-IPO Secondary Marketplaces
Founders, early employees, and investors often find themselves in a difficult predicament. They own valuable shares of a company that doesn’t trade publicly.
These shareholders might have multi-million dollar net worth’s because of their stock holdings, but the stock is not liquid because it doesn’t trade on an exchange.
A few platforms have evolved to gives these individuals a way to liquidate their holding before the IPO.
Some of the most prominent include Linqto, EquityZen and Forge.
Both sites bring liquidity to an otherwise illiquid asset. Accredited investors may join these sites and attempt to buy shares of these companies when they become available.
The shares are only offered to accredited investors because the company’s financials are not publicly filed with regulators yet, increasing the risk to investors.
For High-profile companies, demand is high, lowering your chances of acquiring shares, if you’re accredited.
4. Participate in the Rivian Directed Share Program
The October 1st S-1 filing indicates there will be a Rivian directed share program for the IPO.
As anticipated here, Rivian is offering IPO shares to early Rivian car buyers who preordered a vehicle before September 30th, 2021.
Details of the Rivian Directed Share Program are on the Rivian website.
Eligible customers may receive access, but are not guaranteed access. Customers will need to respond timely to any communication received from Rivian regarding this opportunity.
According to a Rivian forum, emails went to eligible customers regarding IPO participation. If you did not receive an email, you are likely not eligible.
Those interested in participating in the IPO must indicate interested by 11:59PM PST on Oct 25th.
Here’s the wording from the S-1 filing. There will likely be an update in amended S-1s:
Customers who had, by September 30, 2021, preordered an R1T or R1S and had not otherwise cancelled the preorder as of such date, are potentially eligible for the program. If demand for the program exceeds capacity, we will allocate shares on a pro-rata basis among all eligible participants in the directed share program. Eligible participants who meet more than one criteria, or have placed a preorder for more than one Rivian vehicle, will not be entitled to a greater participation in the program as a result.
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.
We’ve seen this happen before. In particular, Uber offered shares to drivers that completed a certain number of trips. GoPro offered shares to their email subscriber list. Airbnb offered shares to hosts. Robinhood offered IPO shares to customers who requested shares.
How Did Rivian Get its Name?
Formerly Mainstream Motors and Avera Automotive, the company finalized its name in 2011.
The name Rivian is derived from the words river and Indian, referring to the Indian River Lagoon in Florida.
Rivian pays homage to the Indian River Lagoon and its reputation as an “estuary of national significance” in the United States, according to Scaringe at the time of the announcement.
For ordinary investors, it will be difficult to acquire pre-IPO Rivian shares. If you’re determined, follow the pre-IPO marketplaces and pay attention to any offerings. You must be accredited to invest this way.
Otherwise, you’ll need to wait for the IPO date to buy shares.
But that’s not necessarily a reason to be disappointed. Google’s shares rose 18% on the day of its IPO. Many people probably sold that day. Had they held for the next decade, their holdings would have been up 1,000%.
When the Rivian IPO is near, please perform due diligence on the SEC S-1 filing and don’t buy Rivian stock with money you can’t afford to lose.
Check out this list of the hottest upcoming IPOs for more investment ideas.
Rivian Stock News Archive
07/31/2021: Sky News: Rivian in talks with ministers over UK factory
07/28/2021: Rivian trademarks the names of six future all-electric models
07/27/2021: Rivian ready to invest $5 billion in second U.S. assembly plant
07/23/2021: Rivian closes $2.5 billion funding round
07/22/2021: Rivian confirms plan for second U.S. assembly plant
07/20/2021: How an EV Truck Startup Is Gaining From the Blue Origin Launch
07/07/2021: Qmerit to Provide EV Charger Installations in the Homes of Rivian Vehicle Owners
07/04/2021: Rivian CEO shows off new fleet of Amazon delivery vans
05/29/2021: Electric-Truck Maker Rivian Selects Underwriters for IPO
05/28/2021: Rivian R1T, R1S deliveries begin this July
05/18/2021: Ford reveals new electric F-150 Lightning pickup
05/18/2021: Rivian’s Tesla Alums Lead Charge as Debut Nears for First Three EVs
05/03/2021: See Rivian R1T In Action, Driven By Jeff Bezos
04/08/2021: WSJ Video: Not a Tesla – The Startups Racing to Make Your Next Electric Car
04/06/2021: GM to build an electric Chevrolet Silverado pickup truck to Rival Rivian
03/29/2021: Tesla Can Move Forward With Trade-Secret Suit Against Rivian
03/21/2021: Rivian to install more than 10,000 EV chargers by end of 2023
02/09/2021: Amazon-Backed EV-Maker Rivian Aims for IPO This Year
03/18/2021: Amazon begins road testing Rivian electric delivery vans in SF
03/17/2021: From Amazon To FedEx, The Delivery Truck Is Going Electric
03/09/2021: Amazon-Backed Rivian Seeks 3-in-a-Row EV Debuts, Defying History
02/28/2021: Rivian Busy With Three Electric Vehicle Launches, Big Future Plans
02/17/2021: Amazon’s Rivian Prime Electric Delivery Van Deep Dive
02/03/2021: Amazon is testing Rivian electric delivery vans in Los Angeles
01/27/2021: Electric pickups coming fast and furious: Tesla, GM, Ford, Rivian promising EVs
01/26/2021: Biden plans to replace government fleet with electric vehicles
01/26/2021: A look at the soaring valuations of Rivian and Cruise
01/24/2021: Electric Pickups Coming Soon Will Find Lots of Interested Customers
01/19/2021: Rivian raises $2.65 billion as it pushes towards production of its electric pickup
01/19/2021: NY Times: Rivian Has Been a Tortoise to Tesla’s Hare. Can It Catch Up?
01/19/2021: Rivian announces $2.65 billion investment round
01/08/2021: Rivian is building its own EV charging network, but with an adventurous twist
01/05/2021: Rivian Is Close to Raising Funds at $25 Billion Valuation
11/23/2020: Rivian Featured on CNBC’s Fast Money (video) with Phil LeBeau
11/23/2020: Bloomberg Technology interviews CEO RJ Scaringe (see video above)
11/22/2020: Rivian sells out first version of its electric pickup truck
11/17/2020: Tesla, Lucid, Rivian, and others join to create ZETA: a push for electric cars by 2030
11/17/2020: What Donald Trump Taught the Electric-Car Industry
11/16/2020: How We’d Spec It: Car and Driver Editors Build Their 2021 Rivian Electric Trucks and SUV
11/11/2020: Time to Build: Rivian to Launch Configurator Website 11/16, Pricing, Packages
10/08/2020: Amazon debuts electric delivery vans created with Rivian
10/06/2020: The Rivian R1T electric pickup is running in the Rebelle Rally
09/27/2020: This Is How Rivian Prepped the Electric R1T for Ewan McGregor’s Long Way Up
/08/08/2020: Rivian R1T Electric Pickups Take 13,000-Mile Road Trip for TV
08/03/2020: Electric truck maker Lordstown Motors is going public (IPO using a special purpose acquisition company, SPAC)
07/27/2020: Rivian’s Electric Truck and SUV Arrive Next Summer
07/23/2020: Tesla sues Rivian for allegedly stealing secrets, poaching employees
07/10/2020: Rivian announces $2.5 billion investment round led by T. Rowe Price
07/10/2020: Rivian raises $2.5 billion in aggressive plan to beat Tesla and Nikola with the first all-electric pickup
07/02/2020: Nikola Fails to Reveal the Actual Reservations for Its Badger Electric Pickup Truck – the Stock Is Tanking
06/03/2020: Rivian trademarks two new vehicles: What could they be?
05/28/2020: Rivian’s Amazon electric delivery van still on track as factory reopens
02/10/2020: Elon Musk’s New Nemesis: Rivian Founder R.J. Scaringe Has A $3 Billion War Chest And Tesla In His Headlights
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