WIKIFX REPORT: Rivian reaches the Mexican stock market through BIVA and Bursanet

The shares of Rivian, a U.S. automotive technology company, reached the Mexican stock market, as part of the commitment of the Bolsa Institucional de Valores (BIVA) and Bursanet, the online investment platform of Grupo Financiero Actinver, to strengthen and expand the supply of shares and innovative products for the investing public in Mexico.

Through a press release from BIVA, it was announced that the electric vehicle manufacturer founded in 2009 by its CEO, RJ Scaringe, reached BIVAs International Quotations System (SIC) on April 18, now those interested in Mexico can acquire shares of this brand through the SIC, through the TICKER RIVN.

Rivian is valued at US$28 billion, making it the third largest car manufacturer in the world by market valuation.

We are excited to bring disruptive foreign companies that are defining the future of global mobility to Mexican investors, said Rincón Gallardo, Director of Bursanet.

He added that the car manufacturer complements Bursanets new Portafolios Modelo product, where clients will be able to see the main companies invested in by well-known personalities in the world of finance and technology such as George Soros, Bill Gates or Ray Dalio; they will also be able to consult thematic portfolios that are trending in the markets.

BIVAs General Director, María Ariza, pointed out that the second largest stock exchange in Mexico continues to join efforts, in this case with Bursanet, in order to strengthen the market and bring attractive investment offers to the country, such as Rivian.

Thanks to their electric vehicles, they have a positive impact on the environment, which is of utmost importance for new buyers and, of course, for investors, said the director of BIVA.

Rivian and its value

In 2021, following its IPO in November, Rivian raised more than $13.5 billion in financing. It currently employs 9,000 people and has facilities in Michigan, California, Arizona, Illinois, British Columbia and the United Kingdom.

According to the release, the automotive company in 2012 unveiled its first two products, a five-passenger electric van and a seven-passenger SUV.

For this year, Rivian is focused on producing 10,000 electric vans for Amazon, making it one of the most important electric vehicle companies in the world.