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EV startup Rivian targets US$63.11 billion valuation in IPO
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EV startup Rivian targets US$63.11 billion valuation in IPO

EV startup Rivian targets US$63.11 billion valuation in IPO
FILE PHOTO: R.J. Scaringe, Rivian's 35-year-old CEO, introduces his company's R1T all-electric pickup truck at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake/File Photo
EV startup Rivian targets US$63.11 billion valuation in IPO
FILE PHOTO: Rivian introduces all-electric R1S SUV at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake/File Photo
EV startup Rivian targets US$63.11 billion valuation in IPO
FILE PHOTO: Rivian introduces R1T all-electric pickup truck at Los Angeles Auto Show in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake/File Photo
06 Nov 2021 05:04AM (Updated: 06 Nov 2021 05:03AM)
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Electric vehicle maker Rivian Automotive Inc, which is backed by both Amazon.com Inc and Ford Motor Co, said on Friday it was targeting a valuation of up to US$63.11 billion in its initial public offering in the United States.

The company currently expects the IPO price range to be between US$72 and US$74 per share.

(Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur)

Source: Reuters

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