US Stocks Movement | Rivian falls over 8% pre-market as it launches offering of 75 million shares
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```htmlGolden Finance July 7|US electric vehicle manufacturer Rivian Automotive fell more than 8% in pre-market trading, quoted at $18.5. According to reports, Rivian released preliminary revenue data for the second quarter, ranging between $1.55 billion and $1.65 billion, while analysts had expected $1.46 billion. In addition, the company has initiated a public offering of 75 million common shares and expects to grant underwriters a 30-day overallotment option to purchase up to an additional 11.3 million shares. The net proceeds will be used for general corporate purposes.```
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