Rivian Automotive, Inc. disclosed the pricing details of its recent underwritten public offering. The offering consists of 75,000,000 shares of common stock with a price per share set at $15.50, resulting in total gross proceeds of around $1.2 billion. This amount is stated before factoring in underwriting discounts, commissions, and offering expenses that Rivian will cover. As part of the offering, Rivian has provided the underwriters with a 30-day option to purchase additional shares.