Please read the articles: Rivian IPO: What Happened and Why it Matters Download Rivian IPO: What Happened
Fantastic news! We've Found the answer you've been seeking!
Question:
Please read the articles:
- Rivian IPO: What Happened and Why it Matters Download Rivian IPO: What Happened and Why it Matters, Matthew Johnson, Investopedia.com, November 15, 2021.
- Rivian Shows 'Improvement' but Wall Street Remains Cautious on the Stock Download Rivian Shows 'Improvement' but Wall Street Remains Cautious on the Stock, Claudia Assis, Dow Jones Newswires, November 11, 2022.
Instructions
Please answer the following questions and post your comments:
- As an alternative to the IPO, Rivian could have raised money either through a private placement or an issue of debt. What problems do you see if Rivian chose either of the alternative financing sources?
- On the first day of trading on November 10, 2021, Rivian closed at $100.77, well above its IPO price of $78. What are some of the reasons why the stock closed above its IPO price?
- In retrospect one year later what went wrong with the Rivian IPO? Why do you think the stock is down 58% since the IPO a year ago?
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
Posted Date: