EV startup Rivian targets US6311 billion valuation in IPO
Electric vehicle maker Rivian Automotive Inc, which is backed by both Amazon.com Inc and Ford Motor Co, said on Friday it was targeting a valuation of up to US$63.11 billion in its initial public offering in the United States.
The company currently expects the IPO price range to be between US$72 and US$74 per share.
(Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur)
