Electric car maker Rivian aims to raise .4 billion from its initial public offering

Electric car maker Rivian aims to raise $8.4 billion from its initial public offering

Electric car manufacturers backed by Amazon and Ford RivianIn August, we announced that in line with its goal of becoming a market leader in electric vehicles, it filed for an IPO with the US Securities and Exchange Commission. We wrote that it was announced that they want to start the public version by November 25. These are the important things in this matter. in the article we had collected.

According to the information we received today, the company has gone public. 8.4 billion dollars aims to generate income. Rivianwill issue 135 million shares in a price range of $57 to $62. If the market value of the company 53 billion dollars expected from. This app has the distinction of being one of the most anticipated files of the year. Rivian, RIVN It will be traded under the stock market symbol.

September and October were very active for the company. Rivian began delivery of the R1T electric pickup truck. tools From $67,500 The company that sells it can find the membership package information about access to payments for these cars on its website. he announced. Then the expected public release request was made. But at the time, the company did not disclose its share price. The company last July bought Amazon’s Climate Commitment Fund, D1 Capital Partners, Ford Motor and T. Rowe Price Associates Inc. led by funds proposed by 2.5 billion dollars receive investment. at the beginning of this year 27.6 billion dollars After the visit, the updated assessment of the company, which reached the valuation, was not shared with the press.

The company was founded in 2009 by Robert Scaringe. The company is headquartered in Plymouth, Michigan. Amazon for e-commerce 20 percent he owns shares.