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IPO in the middle of an already delayed product launch seems like a recipe for disaster. Why would they do that? They don’t need the money.
I think if they wait and do the IPO as the first deliveries are being made it would boost the excitement and give positive news for the stock price to go up. They will get quite a bit of media attention with the first deliveries as well so more investors will see them as a viable company.
I think that makes sense. Do it just as the first few deliveries are made but before anything negative could happen.
It does not look like there will be a lot of deliveries this year at the rate they are currently going and the IPO is projected for relatively soon according to others on this forum. Some other EV companies have had IPO's without making a single vehicle and do ok on just the hype. At least Rivian has some real vehicles on the road and vans in use already.
At the moment Rivian is riding a big wave of positive hype, good time to strike.
IMO if they want to get close to the 50-70 billion valuation they want for the IPO they would wait for a significant number of actual deliveries. If they IPO early the valuation would probably be less.
All indications is it will be a traditional IPO, it has been reported they are working with Goldman Sachs, J.P. Morgan, and Morgan Stanley on the IPO.
I agree. I do think 5 years from now they may be the first real competition to Tesla. With SUV and Trucks being what most people chose to drive I think Rivian future is bright if they diversify into varying price points and sizes of vehicles.
