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11/5/2021, 10:55 PM (Source: TeleTrader)
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Rivian Nasdaq IPO could jump to $65 billion - report

Rivian lodged an amended securities filing on Friday which revises its planned Nasdaq share price offering from $57 to $62 to $72 to $74.

The Amazon and Ford-backed electric vehicle start-up plans to offer 135 million shares as soon as next week, according to sources quoted by CNBC. If underwriters exercise an option to buy an additional 20.25 million shares, the company's value would be more than $65 billion, only marginally lower than traditional giants like GM and Ford.

The company is currently developing commercial delivery vans for Amazon as well as an electric pickup truck.

Baha Breaking News (BBN) / IB