Rivian, the Amazon-backed electric-vehicle startup, is seeking a valuation just above $60 billion in its IPO next week, people familiar with the matter say
Rivian Automotive Inc.
is seeking a valuation in the low-$60s-billion range in its initial public offering next week, one of the biggest andplans to disclose the targeted valuation in an updated regulatory filing later Monday, according to people familiar with the matter. The roadshow for company management and their underwriters to pitch the shares to potential investors begins Tuesday, and the shares are to start trading on the Nasdaq Stock Market next week under the symbol RIVN.
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