Rivian IPO

Amazon
starchild✨

Go to company page Amazon

starchild✨
Nov 10, 2021 35 Comments

Will the millionaires please stand up?
#Ipo #techipo

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TOP 35 Comments
  • Rivian
    as-is

    Go to company page Rivian

    as-is
    who's not a millionaire these days
    Nov 10, 2021 2
  • Rivian
    =0===0=

    Go to company page Rivian

    =0===0=
    Everyone who joined last year or before that is a millionaire, including me.. of course, this is only on paper
    Nov 10, 2021 2
  • Airtable
    asdfrsvvbh

    Go to company page Airtable

    asdfrsvvbh
    Honestly the ipo makes their comp just a little above average. I remember they were offering around 300k in RSu to staff engineers a few months ago. Even if the pre ipo value 3x’d, most companies are already giving 900k+ to staff in initial offers
    Nov 10, 2021 10
    • Rivian
      as-is

      Go to company page Rivian

      as-is
      some things like the speaker etc are not new, but gear tunnel, self powered full kitchen which is seamless integrated i feel those r new having seen propane powered expensive buggy monstrosities in the market now.

      bought a diplated factory in 2016, redid the whole assembly line in 2019 and started churning out 3 different types of vehicles in 2 years with a pandemic and a global supply shortage i think thats pretty impressive. keep in mind most of the competitors have been around for decades. tesla has been constructing the cyber truck factory for 3 years ? and still completion and commencing production of their truck is nowhere in sight. tesla is top selling car cause they had no competition. until now.
      Nov 11, 2021
    • Google
      !blind!

      Go to company page Google

      !blind!
      Great inputs, as-is. Btw, Are you in engineering, or management or in HR/recruiting?

      For 1T cap with even 50 p/e, Rivian will need to make 20B profit. Tesla got even heftier p/e because of no competition and covid induced traders. Assuming 15% profit margin, it requires 133B revenue, ~2M sales at $70k / unit. My only concern it’d need too much investment and shares will be diluted along that way to make 2M vehicles per year.

      I will anyway look to invest $100K+ as investment, as I am overall bullish on EV long term. My current picks are Tesla (too over valued), LCID, NIO, XPEV.
      Nov 11, 2021
  • Qualcomm
    manateeahs

    Go to company page Qualcomm

    manateeahs
    I know an ex colleague whose 500k rsus are worth 1.3mil today
    Nov 10, 2021 3
  • Apple
    bakaroo

    Go to company page Apple

    bakaroo
    Wait for 6 months. Too early to celebrate.
    Nov 10, 2021 1