WSJ News Exclusive | Rivian Automotive Targets IPO Valuation Just Above $60 Billion
Rivian Automotive Inc. is seeking a valuation in a range just above $60 billion in its initial public offering next week, one of the biggest and most-anticipated deals yet in a blockbuster year for new issues.
The Amazon.com Inc. -backed electric-vehicle startup plans to sell shares between $57 and $62 apiece, the company said in an updated regulatory filing on Monday. At the high end of the range, that would give Rivian a valuation of over $60 billion on a fully diluted basis, as The Wall Street Journal first reported Monday.
