Day: November 23, 2021

By Sophia Kunthara, Electric vehicle maker Rivian closed out its first day of trading at 29 percent above its initial public offering price, after an upsized IPO. The company raised around $12 billion through its IPO after pricing its shares at $78 apiece, above its previously stated range of between $72 and $74. Rivian’s IPO is the[…]

By Janice Bitters Turi, Online learning platform Udemy is expected to start trading on the Nasdaq Friday in an IPO that could raise more than $400 million. The San Francisco-based company expects its 14.5 million common shares to be priced between $27 and $29, targeting a valuation between $3.71 billion and about $4.05 billion, up from the $3.3 billion[…]