Rivian Automotive Boosts IPO Price Range

Rivian Automotive Inc. increased the expected price of its initial public offering on Friday, with one of the biggest deals of the year now eyeing a roughly $70 billion valuation.

The electric-vehicle maker backed by Amazon.com Inc. is offering 135 million shares at an expected price between $72 and $74 each. Previously, it expected a range between $57 and $62.