Rivian looking to raise up to $8.4 billion in upcoming IPO
Rivian looking to raise up to $8.4 billion in upcoming IPO
By Crystal Tse and Ed Ludlow | Bloomberg
Irvine-based Rivian Automotive, the electric truck maker backed by Amazon.com, plans to raise as much as $8.4 billion in an initial public offering that could give it a value of as much as $53 billion.
Rivian said it plans to sell 135 million shares for $57 to $62 each, according to its filing Monday with the U.S. Securities and Exchange Commission. At the…