Rivian Stock Drops Over 10% After Announcing Public Offering

Rivian Automotive stock offering electric vehicles

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Rivian Automotive's stock fell over 10% in premarket trading Tuesday following the announcement of a public offering of 75 million shares.
The company aims to raise approximately $1.51 billion to fund equity contributions for a loan agreement with the U.S.
Department of Energy.

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Rivian Automotive's stock fell over 10% in premarket trading Tuesday following the announcement of a public offering of 75 million shares. The company aims to raise approximately $1.51 billion to fund equity contributions for a loan agreement with the U.S. Department of Energy.

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