Rivian Automotive, Inc. (Nasdaq: RIVN) closed on July 9, 2026, an underwritten public offering of 75 million shares of its common stock at a public offering price of US$15.50 per share. In connection with the offering, the underwriters exercised in full their option to purchase up to an additional 11.25 million shares of Class A common stock at the public offering price. Gross proceeds from the offering were approximately US$1.34 billion, before deducting underwriting discounts and commissions and estimated offering expenses payable by the company.
Latham & Watkins LLP represented Rivian Automotive in the offering with a Capital Markets team led by partners Tad Freese and Salvatore Vanchieri, with associates Kathleen Mehary, Jenny Li, and Jessmine Lee. Advice was also provided on tax matters by partner Bora Bozkurt, with associate Jacob Meninga.
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