Baird's Investment Banking Group is pleased to announce the following transaction:

November 2021
Rivian Automotive, Inc.
Initial Public Offering
Technology & Services
Baird served as a co-manager on this offering
$13.700 Billion

Rivian Automotive, Inc. (“Rivian” or the “Company”) (NASDAQ-GS:RIVN) recently completed its upsized initial public offering of 175,950,000 shares of Class A common stock, including the exercise in full of the underwriters’ overallotment option, at a price of $78.00 per share, generating gross proceeds of approximately $13.7 billion. The Company intends to use the net proceeds from the offering for working capital, to fund growth and for other general corporate purposes.

Rivian designs, develops, and manufactures category-defining electric vehicles and accessories. The Company sells directly to customers in consumer and commercial markets. Rivian’s vehicles are complemented by a full suite of proprietary, value-added services that address the entire vehicle lifecycle and deepen its customer relationships. Starting with a clean sheet, the Company built a vertically integrated ecosystem comprised of its vehicle technology platform, Rivian Cloud, product development and operations, products and services. Interconnected by the Company’s data and analytics backbone, its ecosystem is designed to deliver fast-paced innovation cycles, structural cost advantages and exceptional customer experiences, all of which combine to create a self-reinforcing growth dynamic while serving its mission to Keep The World Adventurous Forever. Founded in 2009, Rivian is headquartered in Irvine, California.

For additional information about this transaction, please contact:

Adam Czaia +1-414-298-7358
Macie House +1-503-273-4937
Drew Prekop +1-414-298-1738
Ryan Engelhardt +1-414-298-2637
Thomas Fetzer +49-69-1301-4920