Rivian Automotive Targets IPO Valuation Just Above $60 Billion


Rivian Automotive Inc. is on the lookout for a valuation throughout the low-$60s-billion differ in its preliminary public offering subsequent week, one in all many biggest and most-anticipated deals however in a blockbuster 12 months for model new factors.

The Inc. -backed electric-vehicle startup plans to disclose the targeted valuation in an updated regulatory submitting later Monday, in response to people conversant within the matter. The roadshow for agency administration and their underwriters to pitch the shares to potential merchants begins Tuesday, and the shares are to start shopping for and promoting on the Nasdaq Stock Market subsequent week beneath the picture RIVN. | Rivian Automotive Targets IPO Valuation Merely Above $60 Billion

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