Rivian has commenced an underwritten public offering of 75 million shares of common stock, a raise worth roughly $1.5 billion based on the stock’s recent price.
The capital raise lands just days after Rivian’s stock rallied on stronger-than-expected Q2 delivery results and a raised full-year outlook.
A ~$1.5 billion raise, timed to the rally
Rivian (Nasdaq: RIVN) announced the offering on July 6, 2026. All 75 million shares are being sold by the company, and Rivian is granting underwriters a 30-day option to buy up to an additional 11.25 million shares.
At the stock’s regular-session close of $20.14 before the announcement, the base offering would raise about $1.5 billion before fees — closer to $1.7 billion if the underwriters exercise their full option.
