Seventh largest IPO in US history?
If the IPO should bring in ten billion dollars, it would be the seventh largest in US history, according to the Bloomberg news agency. The market capitalization of the approved shares would be around $ 63 billion – including the shares reserved for employee compensation and other shares, the value of the company would be around $ 71 billion, about two and a half times as much as a financing round in January.
Rivian launched its first electric model in the competitive pick-up segment in September, winning a race with Tesla, among others. In addition, the company, which was founded in 2009, has lucrative large orders for Amazon delivery vans under its belt. Rivian is not yet making any sales and is deep in the red. (dpa-AFX / gem)
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