(Reuters) - Amazon.com Inc-backed electric vehicle maker Rivian is seeking a valuation of around $70-80 billion at the time of its IPO, a source familiar with the matter told Reuters.
Rivian said on Friday it had confidentially submitted plans to regulators for a U.S. initial public offering (IPO).
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!