Electric vehicle maker Rivian eyes $53bn stock market IPO valuation

AMERICAN electric vehicle maker Rivian could be set for a $53 billion (£39 billion) valuation when it makes its initial public offering (IPO) on the Nasdaq stock exchange, possibly as early as next week. The California-based company plans to issue 135 million shares each priced between $57 (£41.76) and $62 (£45.42) and to raise around … Continue reading Electric vehicle maker Rivian eyes $53bn stock market IPO valuation