EV maker Rivian prices IPO above range to raise over $10 billion -sources By Reuters


© Reuters. FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old CEO, introduces his firm’s R1T all-electric pickup truck at Los Angeles Auto Present in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake/File Picture


By Echo Wang and Anirban Sen

NEW YORK (Reuters) – Amazon-backed EV maker Rivian offered shares in its preliminary public providing (IPO) at $78 per share, above its goal vary, to lift over $10 billion, folks accustomed to the matter stated on Tuesday.

The IPO provides Rivian a valuation of about $66.5 billion. The elevate was the one of many largest ever for an IPO within the U.S., in response to information from Dealogic.

On a totally diluted foundation, Rivian might be valued at over $77 billion.

Rivian priced 135 million shares at $78 per share, the sources stated, requesting anonymity because the talks are confidential.

On Friday, Rivian had boosted its value vary to $72 to $74 per share, up from an earlier vary of $57 to $62 a share.

Rivian didn’t instantly reply to a request for remark.

Disclaimer: Fusion Media want to remind you that the info contained on this web site just isn’t essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs should not offered by exchanges however quite by market makers, and so costs is probably not correct and will differ from the precise market value, that means costs are indicative and never acceptable for buying and selling functions. Subsequently Fusion Media doesn`t bear any duty for any buying and selling losses you may incur on account of utilizing this information.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or harm on account of reliance on the knowledge together with information, quotes, charts and purchase/promote indicators contained inside this web site. Please be absolutely knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding types potential.

Source link


News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button