- Rivian priced a $1.2B offering: 75M Class A shares at $15.50, with underwriters able to buy 11.25M more. Proceeds earmarked for general corporate needs and DOE loan equity for a Georgia plant.
- BNP Paribas reiterated an Outperform rating on Rivian Automotive, Inc. Class A (RIVN) and raised its price target to $24 per share from $22.
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Key facts: Rivian $1.2B share offering; BNP Paribas raises PT to $24
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Rivian priced a $1.2B offering: 75M Class A shares at $15.50, with underwriters able to buy 11.25M more. Proceeds earmarked for general corporate needs and DOE loan equity for a Ge