Nov 1, 2021
Amazon-Backed EV Maker Rivian Seeks Up to $8.37 Billion in IPO
Bloomberg News
,(Bloomberg) -- Rivian Automotive Inc., the electric truck maker backed by Amazon.com Inc., plans to raise as much as $8.37 billion in an initial public offering.
A listing at the top of that range would eclipse the June IPO by XPeng Inc. as the largest ever for an EV maker. XPeng raised more than HK$16 billion ($2 billion) including so-called greenshoe shares in its Hong Kong IPO.
Rivian said it plans to market 135 million shares for $57 to $62 each, according to its filing Monday with the U.S. Securities and Exchange Commission.
©2021 Bloomberg L.P.