Electric-vehicle maker Rivian, which is backed by Amazon, Ford and T. Rowe Price, is looking to raise between $5 billion and $8 billion in an initial public offering, Reuters is reporting.
The company filed last month confidentially with the Securities and Exchange Commission for an IPO that could value the company at $80 billion.
“The size and price range for the proposed offering have yet to be determined,” the company said in a statement issued to the media at the time. “The initial public...
https://www.freightwaves.com/news/rivian-for-the-win-electric-vehicle-maker-targets-8b-ipo-windfall