EV maker Rivian aims for IPO at $50 bn valuation this year: Report

Electric vehicle (EV) manufacturer Rivian is looking to go public as soon as September this year, Bloomberg reported. At a valuation of about $50 billion, it is expected to be one of the biggest IPOs of 2021. The EV startup, backed by Amazon and Ford Motor, has raised over $8 billion to date and was last valued at $27.6 billion.