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Electric Truck Startup Rivian Eyeing 70 Billion Valuation In Upcoming Ipo

Watch how the worlds first electric truck is made.

. The Rivian IPO raised 119 billion from the sale of 153 million shares making it the sixth biggest trading debut on a US exchange ever. Electric pickup truck maker Rivian is said to be looking at an IPO to be publicly traded later this year at 50 billion. The IPO is expected to take place after an SEC review subject to market conditions the company said.

Rivian the startup electric truck manufacturer rolled out one of the biggest initial public offerings in years Wednesday raising nearly 12 billion and valuing the company at. The company which has yet to sell a single truck and earned just 1 million in revenue in. The motorcycle maker announced plans to spin off its electric bike division LiveWire as a new company through a SPAC deal that values Harleys EV business at roughly.

The company backed by Amazon and Ford has delivered only 156 trucks so far but its market. Rivian a maker of electric trucks and vans is going public at a stock price that values the. The jump to the public.

The deal values Rivian at 665 billion. The company which has raised more than 10 billion from investors that include Amazon and Ford Motor is building an electric pickup truck and sport utility vehicle at a. Karma Automotive has been around since 2007.

The Amazon-backed electric truck startup Rivian priced its initial public offering at a higher-than-expected 78 per share the Wall Street Journal and Reuters reported raising more than 10 billion for the company which is bleeding red ink as it ramps up production and only just started deliveries to customersin September. Founded in 2009 Rivian is building an electric truck and SUV as well as. On Tuesday the electric truck startup announced the results of its initial public offering and it hauled in a massive 119 billion after selling 153 million shares of Class A.

Rivian is valued at about 77 billion on a fully diluted basis. Hyliions Electric Semi Truck IPO Founded in 2015 Texan startup Hyliion has taken in just over 29 million in funding so far to develop their hybrid and fully electric semi truck. The EV maker has raised 105 billion.

Whether its taking families on new adventures or helping fleets. Rivian will start trading today after an IPO. It was the first electric car company to be founded by Danish American car designer.

EV maker Rivian boosts IPO price range aims for 65 bln valuation Reuters 13 Rivian introduces R1T all-electric pickup truck at Los Angeles Auto Show in Los Angeles. Valuing it at nearly 70 billion. The company is already worth 25 billion after a deal in September and may use the funding to position itself for a potential IPO in the first half of 2022.

Preserving the natural world. The electric-vehicle maker backed by Amazon and Ford ended its first day of trading valued at 86 billion. AMZN -427 and Ford Motor Co.

F -299 are among Rivians backers. With the IPO the commercial vehicle manufacturer wants to raise capital for its electrification offensive in the field of battery and fuel cell trucks among other things. Rivian Automotive the electric vehicle maker backed by Amazon and Ford priced its IPO on Tuesday at 78 a share.

The news comes months after Bloomberg reported that the company had selected Goldman Sachs JPMorgan and Morgan Stanley as underwriters for its IPO and could seek a.

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