new York The US electric car developer Rivian wants to collect up to 8.4 billion dollars (7.2 billion euros) from investors when it goes public. The company announced on Monday after the US market closed that it would issue 135 million shares in a target price range between $ 57 and $ 62. The e-car company, whose major investors include Amazon and Ford, is listing its papers on the New York tech stock exchange Nasdaq under the ticker symbol “RIVN”. The retail premiere is expected in the coming week.
Overall, Rivian is aiming for a valuation of around 60 billion dollars for the IPO, as the “Wall Street Journal” had already reported in advance, citing insiders. In the meantime, there was even talk of $ 80 billion in the US media. 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.
More: Tesla challenger Rivian goes public
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