Nestled in Rivian’s S-1 IPO filings was a note that the EV company’s “cornerstone investors” had “indicated an interest” in buying up to $5 billion worth of its stock at its IPO price. One of those parties was Amazon, and the American e-commerce giant appears to have pulled the trigger Friday afternoon on its buy.
Per a recent Form 4 filing, Amazon bought roughly $200 million worth of Rivian stock at its IPO price of $78 per share. The buy worked out to 2,564,102 shares in total, worth a hair under the target dollar amount of a flat two hundred million at their purchase price.
Amazon now owns a total of 158,363,834 shares of Rivian, valued at some $20,579,380,228.3 at the company’s closing price of $129.95 per share set this afternoon. As Amazon paid just $78 per share for its most recent tranche of Rivian stock, the company has already seen upside of more than $133 million on the purchase.
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