Rivian, the Amazon.com-backed electric vehicle maker that registered last month for a stock market debut, is aiming to raise between $5 billion and $8 billion.
among its investors, registered the IPO confidentially with U.S. regulators last month. It is seeking a valuation of about $80 billion in the listing, which is expected to land in late October or November, the sources said.If Rivian raises $8 billion in the IPO, that would rank as the fourth biggest of the past decade in the United States.
Rivian has not provided details on its IPO plans, but it is expected to reveal its finances for the first time in a public filing in the coming weeks. While Rivian has been dubbed as the "Tesla killer" in some quarters, it is still tiny compared with Tesla Inc, which boasts of a market cap of nearly $740 billion and plans to build a pickup truck that would compete with Rivian's own version, the R1T.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
EV start-up Rivian beats Tesla, GM, Ford as first automaker to produce electric pickupRivian CEO RJ Scaringe tweeted that the company's first R1T pickup for customers drove off the assembly line this morning at its plant in Normal, Ill.
Lire la suite »
Rivian gets U.S. regulatory go-ahead to deliver EVs to customersRivian, the Irvine electric truck maker, is seen as a front-runner in the larger pool of startups seeking to catch up with Tesla Inc., the market incumbent.
Lire la suite »
Volvo Cars gears up for $20 billion IPO in coming weeks, sources sayVolvo Cars is aiming for a valuation of about $20 billion in the planned Stockholm listing, the sources said.
Lire la suite »
Rivian gets U.S. regulatory go-ahead to deliver EVs to customersRivian, the Irvine electric truck maker, is seen as a front-runner in the larger pool of startups seeking to catch up with Tesla Inc., the market incumbent.
Lire la suite »
EV start-up Rivian beats Tesla, GM, Ford as first automaker to produce electric pickupRivian CEO RJ Scaringe tweeted that the company's first R1T pickup for customers drove off the assembly line this morning at its plant in Normal, Ill.
Lire la suite »
Tesla Cofounder’s Recycling Startup Plans To Become EV Battery Material PowerhouseRedwood Materials plans to open a $1 billion U.S. plant to make cathode and anode materials that will be needed for electric vehicle batteries by 2025.
Lire la suite »