Top 10 IPOs of in the US! Is Rivian a stock to buy?
Did you miss the $Tesla(TSLA.US$ IPO that offered shares at its IPO price of just $17 per share in 2010? If you're thinking of investing in the electric vehicle (EV) sector, then you must have heard of $Rivian Automotive(RIVN.US$.
The market highly anticipates Rivian because it has been backed by $Amazon(AMZN.US$ and $Ford Motor(F.US$ , and dubbed as the rival of Tesla.
Yes, it's tonight! We're going to witness the IPO of Rivian, the top 10 IPOs of all time in the United States, according to data from Dealogic.
The Rivian IPO priced an upsized 153 million shares at $78 a share Tuesday night. That was above the already-raised price range of $72-$74.
The RIVN IPO raised $11.9 billion, giving Rivian an initial valuation of roughly $77 billion.
There are two interesting facts:
1. Rivian Valuation
Rivian IPO has raised its target price several times, which demonstrated the massive enthusiasm of investors on EV sectors, predominantly driven by the recent price surge of Tesla.
Generally, four factors affect the IPO valuation:demand, industry comparable, growth prospects, and a compelling corporate narrative.
For the full article: Please check at our IPO Basics Course.
2. Rivian's Financials
Rivian has yet to generate revenue and post a profit. Rivian is in the early stages of production, and until it scales output, losses are to be expected.
It had net losses of $426 million and $1 billion for 2019 and 2020, respectively. Rivian reported a loss of nearly $1 billion for the first half of the year.
Rivian is a company from a promising industry but unprofitable.The question for us: is an unprofitable company worth investing in?
You might find your answer in our Fundamental Analysis Course.
Do you think Rivian would be a stock to buy? Share your comments below with mooers.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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THEWIZARD : There will be stags in action.
Alfred Heng : sure
Louou : Before the IPO, the company had actually lost money
earning_s : Has Tesla really ushered in the strongest enemy?
BangoLancer : Although I really want to buy an IPO, I wisely choose to wait and see
Wilson_wu THEWIZARD: What kind of trouble do you think you will encounter?
THEWIZARD Wilson_wu: What trouble?