#1 Rivian IPO halted after market closed, its size and bid price cut

Rivian will start trading today after an I.P.O. valuing it at nearly $70 billion. After weeks of volatility, however, the Rivian Lifestyle Brand IPO has seen shares fall almost 20% on Wednesday. #1 Rivian…

#1 Rivian IPO halted after market closed, its size and bid price cut

Rivian will start trading today after an I.P.O. valuing it at nearly $70 billion. After weeks of volatility, however, the Rivian Lifestyle Brand IPO has seen shares fall almost 20% on Wednesday.

#1 Rivian IPO halted after market closed, its size and bid price cut

#2 Analyst cuts price target, says Rivian “has repriced too aggressively” for the current retail environment.

Rivian will start trading today after an I.P.O. valuing it at nearly $70 billion. After weeks of volatility, however, the Rivian Lifestyle Brand IPO has seen shares fall almost 20% on Wednesday.

#1 Rivian IPO halted after market closed, its size and bid price cut

#2 Analyst cuts price target, says Rivian “has repriced too aggressively” for the current retail environment.

Rivian, the “Hyper Local” mobility brand created by chief executive officer, Yves Behar, has started trading after an initial public offering worth nearly $70 billion.

The electric-car and autonomous-car platform company said Wednesday that it had canceled the pricing of its offering as part of a move to make its bonds more “attractive,” according to Bloomberg. The company said it planned to offer the bonds at a coupon rate of 6% and a par value of $1.08 billion.

A $1.08 billion bond has a yield of 4.64%.

#2 Rivian IPO halted after market closed, its size and bid price cut

#3 On Tuesday, Renaissance Capital updated its IPO estimate for Rivian. The biggest electric car company received a preliminary first-day boost and markets had anticipated a strong offering.

The IPO raised $830 million and by 3 p.m. PT had received strong investor interest. However, upon closer inspection, those encouraging signs appeared questionable.

On Tuesday, Renaissance Capital updated its IPO estimate for Rivian. The biggest electric car company received a preliminary first-day boost and markets had anticipated a strong offering.

#3 On Tuesday, Renaissance Capital updated its IPO estimate for Rivian. The biggest electric car company received a preliminary first-day boost and markets had anticipated a strong offering.

#3 On Tuesday, Renaissance Capital updated its IPO estimate for Rivian. The biggest electric car company received a preliminary first-day boost and markets had anticipated a strong offering.

#1 Rivian IPO halted after market closed, its size and bid price cut

#3 On Tuesday, Renaissance Capital updated its IPO estimate for Rivian. The biggest electric car company received a preliminary first-day boost and markets had anticipated a strong offering.

#1 Rivian IPO halted after market closed, its size and bid price cut

#3 On Tuesday, Renaissance Capital updated its IPO estimate for Rivian. The biggest electric car company received a preliminary first-day boost and markets had anticipated a strong offering.

#2 Rivian IPO halted after market closed, its size and bid price cut

#3 On Tuesday, Renaissance Capital updated its IPO estimate for Rivian. The biggest electric car company received a preliminary first-day boost and markets had anticipated a strong offering.

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