Electrical-vehicle maker Rivian Automotive Inc. is about to change into a public firm, hoping to carve a distinct segment for itself providing EVs for the nice outdoor.
filed for a confidential IPO in August and publicly submitted the paperwork with safety regulators final week. The corporate is looking for to promote $100 million price of shares, though that’s typically a placeholder used to calculate charges.
and Ford Motor Co.
are amongst Rivian’s backers. The EV maker has raised $10.5 billion since 2019 after a number of funding rounds, with the most recent