Rivian Files for IPO, Seeking About $80B Valuation

#1

Post by ystad » Sat, Aug 28, 2021, 8:41 PM UTC

Rivian Files for IPO, Seeking About $80B Valuation
bloomberg.com

Re: Rivian Files for IPO, Seeking About $80B Valuation

#2

Post by stathibus » Sat, Aug 28, 2021, 10:24 PM UTC

Have to wonder why a very well funded company would plan to IPO before they've delivered a single product. Almost like they are betting against themselves.

Re: Rivian Files for IPO, Seeking About $80B Valuation

#3

Post by hn_throwaway_99 » Sat, Aug 28, 2021, 10:46 PM UTC

Ironically, Ford, which is a big investor in Rivian, has a market cap of only $52B.

Re: Rivian Files for IPO, Seeking About $80B Valuation

#4

Post by adamnemecek » Sat, Aug 28, 2021, 10:47 PM UTC

stathibus wrote: post #2

Have to wonder why a very well funded company would plan to IPO before they've delivered a single product. Almost like they are betting against themselves.

Or they need the money to speed up the development. In some sense taking any investment is like betting against yourself.

Re: Rivian Files for IPO, Seeking About $80B Valuation

#5

Post by birbs » Sat, Aug 28, 2021, 10:59 PM UTC

hn_throwaway_99 wrote: post #3

Ironically, Ford, which is a big investor in Rivian, has a market cap of only $52B.

Ford has a debt to equity ratio of 4.7.

Re: Rivian Files for IPO, Seeking About $80B Valuation

#6

Post by toomuchtodo » Sat, Aug 28, 2021, 11:00 PM UTC

adamnemecek wrote: post #4

stathibus wrote: post #2

Have to wonder why a very well funded company would plan to IPO before they've delivered a single product. Almost like they are betting against themselves.

Or they need the money to speed up the development. In some sense taking any investment is like betting against yourself.

It’s Other People’s Money making the bet. The worst that happens is Rivian fails and post-IPO equity investors lose everything. Founders, early investors, others getting liquid took money off the table (presumably).

You’re not losing or betting against yourself if you got liquid and someone else is holding the bags.

Re: Rivian Files for IPO, Seeking About $80B Valuation

#7

Post by klintcho » Sat, Aug 28, 2021, 11:00 PM UTC

hn_throwaway_99 wrote: post #3

Ironically, Ford, which is a big investor in Rivian, has a market cap of only $52B.

I loved this tweet by Ross Gerber

"So that makes tesla worth $8 tril by these metrics."

https://twitter.com/GerberKawasaki/status/143129811631815884...

Some valuations are truly difficult to grasp.

Re: Rivian Files for IPO, Seeking About $80B Valuation

#8

Post by lmeyerov » Sat, Aug 28, 2021, 11:04 PM UTC

adamnemecek wrote: post #4

stathibus wrote: post #2

Have to wonder why a very well funded company would plan to IPO before they've delivered a single product. Almost like they are betting against themselves.

Or they need the money to speed up the development. In some sense taking any investment is like betting against yourself.

current investors get a markup, leadership cashes out. if they can do it and market is frothy, derisks and may be years/never they could do it again, esp at these levels

Re: Rivian Files for IPO, Seeking About $80B Valuation

#9

Post by hn_throwaway_99 » Sat, Aug 28, 2021, 11:05 PM UTC

birbs wrote: post #5

hn_throwaway_99 wrote: post #3

Ironically, Ford, which is a big investor in Rivian, has a market cap of only $52B.

Ford has a debt to equity ratio of 4.7.

They also have selling products, not to mention that the Ford F-150 Lightning is easily the e-truck I'd bet to have the most sales until, say, 2025.

Re: Rivian Files for IPO, Seeking About $80B Valuation

#10

Post by grecy » Sat, Aug 28, 2021, 11:08 PM UTC

Elon's take:

"Don’t want to be unreasonable, but maybe they should be required to deliver at least one vehicle per billion dollars of valuation before the IPO?"

https://twitter.com/elonmusk/status/1431522886456651778