Deals
Amazon-Backed EV-Maker Rivian Aims for IPO This Year
- Tesla competitor to seek value in IPO of $50 billion or more
- Rivian has Amazon deal for 100,000 delivery vans by 2030
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Rivian Automotive Inc., the electric-vehicle startup backed by Amazon.com Inc. and Ford Motor Co., is looking to go public as soon as September at a valuation of about $50 billion and perhaps more, according to people familiar with the matter.
The company’s timeline for an initial public offering and its potential value might change, and a listing could happen later in the year or even slip to 2022, said the people, who asked not to be identified discussing private information. Rivian has been speaking to bankers about its plans, one of the people said.