Monday, August 30, 2021

Rivian Seeks $80 Billion In IPO

Electric vehicle maker Rivian said Friday that it has filed confidentially for an IPO, and is looking to have an IPO around Thanksgiving. Bloomberg said that Rivian is looking for a valuation of up to $80 billion. Rivian has significant operations in Irvine. The company is developing an electric pick-up and SUV, and has a deal with Amazon for electric delivery vehicles.