 Boom What's going on money geeks mr. V here welcome to another video in this one. I want to quick talk about Rivian Electric vehicle going public through an IPO. So I wanted to make sure that we cover that because this company is huge It's backed by Amazon. So I want to let you guys know that this IPO is coming And you can definitely prepare for it because I think it's gonna make a buzz on Wall Street So we're gonna cover that into this video But before we get started guys if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content. So when it comes to Rivian, they Produce electric vehicles. If you can see here, they build electric pickup trucks. They build Even SUVs as well, and they are actually looking to stop building maybe vans or mini vans or whatever But put it put it this way. They are in this space to compete just like any other electric vehicle So companies like Ford and GM should be worried about these guys coming in because Obviously if they're building pickup trucks if they're building vans, this is definitely gonna jump or chopped into Their market cap. So well, that's again, that's what we're gonna talk about here I want to give you guys some information regarding the IPO Which is actually currently slated for sometime next week. They don't really have a specific date As to when I was actually researching this or Here in the perspectives, they don't have a specific date when they're gonna do it But so researching online. I haven't found anything but right now there's Potentially scheduled for next week and I'm gonna give you guys an updated video as soon as I hear exactly when that's gonna happen So again, they just updated their prospectus here and change the price To 62 dollars Going at 50 62 dollars and I remember bringing it up here too. This is CMBC So they updated they went from about 57 to 62 right there. That is insane So they're valuing this company at about 55 billion dollars I my personal game plan here for this IPO is I'm gonna track it day one when it goes public I'm gonna date rate it, but then I'm gonna wait Just for a pullback before I can even pick up some shares I'm not gonna load up on these but I want to pick up some shares and hold it because I know for sure that if it's backed by amazon There's a lot of things that can potentially happen They have the money to do a lot of crazy things. So If if you guys would just take a look here, you can see Obviously the pickup truck. Here's the one that I am Interested in because if amazon makes this move Right here if you guys can see this Delivery van amazon has what they call their dsp program. So They use a lot of delivery vans of to kind of deliver products And so they are currently using rams and forts and all these other companies My anticipation is that if they want to go green They would have to start switching those delivery vans to Electric and if that's the case, they are going to want to make it in house keep that money in house They're not going to be going to fort or ram to bill when they can actually bill it themselves. And so I'm just looking at this Raveon is a good partner to amazon because just amazon alone can be an excellent customer for raveon I mean, they can keep raveon busy for years even before any outside You know customer can get in so that's my personal take. So I see this. There's a potential here But I again long term. I'm only going to hold a small a small position I might regret it, but we'll see I just want to see this IPO come out first establish yourself before I even go long But I'm going to trade it as soon as the IPO lands So key things for you ticket symbol here is going to be our IV and again, I'm going to repeat that our IV and that's the ticket symbol and they plan on actually putting out about 135 Million shares as you can see here to 135 million common shares and then they also have the option Of of their investors of actually buying another 20 million shares At you know a discount, which is usually what most of these guys do So if they do that it can flood the market again with an additional 20 million shares Which at that point the price might drop and then that's where we get in and buy The stock so again They don't have a specific date that the stock is going to go but again Just listening to people on CNBC. They're anticipating that this is going to happen Sometime next week, but I'm going to give you guys an updated video If I hear the specific date and we're going to track it And see hopefully it comes out and we can trade it and we've seen this a lot A lot of these IPOs when they come out you would see not of sweet They've gone from 57 to 62 and I bet you on opening day This thing is probably going to be 80 or 90. It's just going to jump because again People on Wall Street have the money that can pump this thing up So even if I'm trading it, I'm going to be trading this with caution So go in to get to take profit and get out And then for a long term like I said, I'm going to pick up some shares But I'll wait for that pullback and even if they dilute the shares then that would be a better time for me To getting so just so you guys know I wanted to just bring that up so you guys are away IPO Rivian going public through an IPO back by Amazon Key things that I'm looking at here back by Amazon. They produce electric truck electric vans So amazon would be a major customer. Can you imagine if amazon was your customer? This is the case. It's not just a customer But they are an investor in the companies which means that just with amazon They could be in business for a long time if amazon so choose to so that's why I'm a little bit excited about this one share prices somewhere between 57 and 62 Now that's what they are proposing. They've updated their perspectives, but I'm Pretty sure this is going to go up to 80 dollars when this IPO actually drops Because that's that's how it's been the case and then maybe all the way to a hundred or whatever and then before it pulls back So again, that is just my speculation ticket symbol is going to be our IV and our IV and so Again, let me know in the comment section what you guys think about this You guys excited about this one. Are you going to be jumping in? Oh, you already like you're saturated with electric vehicles companies Again for me, these are companies that are more Established and have the backing compared to companies like nicola So that's why I I'm excited about this one. So again, let me know your thoughts in the comment section If you're new here, we talk about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and a notification bell So you don't miss out on new content also guys if you're looking to guess how it investing Webo has the promotion where if you sign up and deposit $5 you get free stocks Again, you get free crypto as well. You get free shiba. So I'll put those In the description below. So check out those links and there's always guys. Do your due diligence. Don't be a greedy savage Stay motivated