Rivian Increases IPO Price Range, Valuation Could Top $65 Billion

In updated securities filings dated Friday, Rivian increased the price range for the 135 million shares it will be offering during its IPO from $57-62 USD to $72-74 USD — reports CNBC. Taking the new price range into account, and assuming underwriters exercise their option to purchase an additional 20.25 million shares, the electric vehicle (EV) […]

Amazon Owns 20% Stake in Rivian, Reveals SEC Filing

In a filing with the Securities and Exchange Commission (SEC) on Friday, Amazon disclosed a sizable stake in electric vehicle (EV) startup Rivian — reports CNBC. As of September 30, Amazon holds equity investments “including preferred stock of Rivian Automotive, Inc. representing an approximately 20% ownership interest” that is valued at $3.8 billion USD, reads […]

Rivian Could Target $70 Billion Valuation in IPO Later This Year

According to Yahoo! Finance, all-electric truck startup Rivian could have its sights set on a $70 billion USD valuation at a rumoured Initial Public Offering (IPO) later this year. Following an investment round worth $2.65 billion USD led by T. Rowe Price back in January, Rivian was valued at $27.6 billion USD. By February, reports that […]