×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Money | Amazon.com | Rivian | electric car

Amazon-backed Rivian Seeking $70-80 Billion Valuation in IPO - Source

photo of a Rivian electric car
(Dreamstime)

Friday, 27 August 2021 11:15 AM

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).

The company, which aims to compete with Tesla Inc, is looking to start production of an electric-pickup and SUV this year. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Saumyadeb Chakrabarty)

© 2021 Thomson/Reuters. All rights reserved.


StreetTalk
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...
Amazon.com, Rivian, electric car
78
2021-15-27
Friday, 27 August 2021 11:15 AM
Newsmax Media, Inc.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved