On August 27th, Bloomberg reported that electric vehicle startup Rivian has secretly submitted IPO documents to the United States Securities and Exchange Commission seeking a valuation of approximately $80 billion.
In late May, Bloomberg reported that this American electric vehicle company was planning an IPO later this year, seeking a valuation of approximately $70 billion.
With this $80 billion, it is expected to become the largest IPO of the year!
Sources say that Rivian is planning to go public around Thanksgiving (November 25th).
The company currently has 7,000 employees and ample funding. It has already raised over $5 billion in funding this year and is actively preparing for production, with plans to deliver its R1T pickup truck in September.
We previously introduced Rivian in detail in our article, “This company’s pure electric pickup truck will begin deliveries next month.”
🔗 Source: Bloomberg
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