The Entrepreneur’s Guide to An IPO | Podcast

Following the lead of the newly IPO’d Pandora Media Inc. , another company that might get more attention coming out of the tech graveyard is rooftop electric vehicle maker Rivian. The California-based automaker is…

The Entrepreneur's Guide to An IPO | Podcast

Following the lead of the newly IPO’d Pandora Media Inc. , another company that might get more attention coming out of the tech graveyard is rooftop electric vehicle maker Rivian. The California-based automaker is preparing to go public in the coming months but has reportedly changed the way it filed its SEC documents for the process. It seems Rivian “was headed toward the upcoming IPO – an IPO that the company said in a statement to Reuters would be “relatively small” – until it changed its S-1 statements in May, the report said. The primary reason was the overwhelming demand, it said. Rivian’s 600-mile range electric SUV is “on track” to be released in late 2020 and its over 700 Tesla Model X variants that it is targeting with its Flywheel electric powertrain. But now it will report its revenues with a net income category instead of net loss. The company is expected to seek an valuation of over $50 billion which is where Pandora managed to find its IPO-valuation.

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