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Reading: Rivian Automotive Seeks IPO Valuation Above $60 Billion
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The Wall Street Publication > Blog > Markets > Rivian Automotive Seeks IPO Valuation Above $60 Billion
Markets

Rivian Automotive Seeks IPO Valuation Above $60 Billion

Editorial Board Published November 1, 2021
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Rivian Automotive Seeks IPO Valuation Above  Billion
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Rivian Automotive Inc. is seeking a valuation in a range just above $60 billion in its initial public offering next week, one of the biggest and most-anticipated deals yet in a blockbuster year for new issues.

The Amazon.com Inc. -backed electric-vehicle startup plans to sell shares between $57 and $62 apiece, the company said in an updated regulatory filing on Monday. At the high end of the range, that would give Rivian a valuation of over $60 billion on a fully diluted basis, as The Wall Street Journal first reported Monday.

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