Rivian, an electrical car start-up backed by Amazon.com, Ford, and also various other deep-pocketed capitalists, in complete confidence submitted to come to be an openly traded firm today.
The initial public offering is anticipated to happen after the Stocks and also Exchange Compensation finishes its review process, Rivian stated. The recommended offering’s dimension and also rate variety should still be figured out.
Nevertheless, Rivian in 2014 increased $2.5 billion from accounts suggested by investment company T. Rowe Cost and also it has actually come to be a standout amidst fledgling EV startups.
The firm has an agreement with Amazon.com to construct 100,000 electrical distribution vans beginning this year at its manufacturing facility, a previous Mitsubishi plant in Regular, Illinois. Rivian additionally is presenting a pickup and also an SUV.
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Rivian, an EV start-up with huge backers, documents to go public (2021, August 27)
obtained 27 August 2021
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