Invest in the Rivian IPO with Admirals
While the Electric Vehicle (EV) market has soared (and fallen) incredibly this year, it is about to get more exciting as American EV company, Rivian (RIVN), went public November 10th in their Initial Public Offering (IPO).
Established in California, Rivian is an EV automaker and automotive technology company founded back in 2009. Their claim to fame is the EV sport utility vehicle (known as SUV) and its R1T pickup truck – said to be the world's first EV pickup truck (according to Rivian).
Appropriately, they have established their very own term of "Electric Adventure Vehicle" to describe their product offerings.
As the IPO of Rivian has just been launched, the numbers are nothing short of impressive; shares started trading at $78 per piece, initially raising $11.9 billion via the public offering. In total, 153 million shares were sold at $78, a slight upgrade from the 135 million shares in the price range of $57 to $62 per share, as originally planned.
Is Rivian set to be the biggest competitor to EV giant, Tesla (TSLA)? Only time will tell. Given RIVN is backed by Ford (F) and Amazon (AMZN), this looks like it will be one wild ride – pun intended.
How can you get involved in the Rivian IPO?
Under the symbol RIVN.US (NASDAQ), Admirals users will be able to invest and trade via their Invest.MT5 accounts.
As a reminder, any user at Admirals can access thousands of shares and ETFs from 15 of the world's largest stock exchanges using the MetaTrader 5 platform.
Why invest via Invest.MT5?
- Open an account with just €1 and invest from just $0.02 per share with minimum transaction fees of just $1 on US stocks.
- Receive free real-time market data, with no delays, at no extra cost.
- Create a stream of passive income by collecting dividend payouts.
- Use the world-renowned MetaTrader 5 multi-asset class trading platform.
- With our No Commission promotion, you can make 1 commission-free trade per day!
Simply log in to Trader's Room and apply for an Invest.MT5 account to get started.
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