Rivian Announces Share Offering Amid Q2 Revenue Preannouncement
Rivian announced a share offering of up to 75 million shares, sending its stock down by 11% in early trade. The company also preannounced second-quarter revenue between $1.55 billion and $1.65 billion, driven primarily by higher vehicle deliveries.
Tickers: $RIVN
Topics: equity offering Q2 revenue guidance Rivian stock decline