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Amazon-backed Rivian raises IPO price range, aims $65 bn valuation
short by Aishwarya Awasthi / on Saturday, 6 November, 2021
Amazon-backed Rivian has raised the expected offer price of shares and is now aiming for up to $65 billion valuation in its IPO. It expects to sell 135 million shares in the range of $72-$74 apiece to raise nearly $10 billion. Rivian could reportedly become one of the only four companies that have raised over $8 billion in a decade.
read more at Reuters