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Rivian ipo valuation and analysis

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Resumo:This work project investigates the IPO valuation of Rivian, an electric vehicle company, based ona discounted cash flow framework. An initial analysis of the market in which Rivian competes was performed, as well as an assessment of Rivian's strategy. The valuation is based on information provided in Rivian's S-1 form and assumptions from especially comparable companies. The findings demonstrate a significant overvaluation, despite substantial expected revenue growth. This can be justified by a high expected return from investors and/ or by a general overvaluation of the market.
Autores principais:Gilain, Antoine Raphaëlle
Assunto:Valuation Technological innovation Corporate finance Ipo Automotive industry Rivian
Ano:2022
País:Portugal
Tipo de documento:dissertação de mestrado
Tipo de acesso:acesso aberto
Instituição associada:Universidade Nova de Lisboa
Idioma:inglês
Origem:Repositório Institucional da UNL
Descrição
Resumo:This work project investigates the IPO valuation of Rivian, an electric vehicle company, based ona discounted cash flow framework. An initial analysis of the market in which Rivian competes was performed, as well as an assessment of Rivian's strategy. The valuation is based on information provided in Rivian's S-1 form and assumptions from especially comparable companies. The findings demonstrate a significant overvaluation, despite substantial expected revenue growth. This can be justified by a high expected return from investors and/ or by a general overvaluation of the market.