Tesla Rival Rivian Selects Underwriters For IPO, Could Seek $70B Valuation
May 30, 2021 at 17:55 PM EDT
Amazon.com, Inc-backed Rivian Automotive Inc has selected underwriters for an initial public offering. The California-based automaker, which is also backed by Ford Motor Company, could seek a valuation of about $70 billion when it goes public.
