Electric truck manufacturer Rivian It was announced on Friday that it had submitted an initial public offering application to the US Securities and Exchange Commission “confidentially”.
The source said that although there is no valuation for the IPO, it is estimated to be between 7 and 80 billion US dollars. Reuters.
Bloomberg It was reported in May that Rivian had selected Goldman Sachs, JPMorgan Chase and Morgan Stanley as the underwriters for the IPO, and may seek a valuation of US$70 billion at that time.
Rivian will compete with multiple electric truck manufacturers, including Tesla’s Cybertruck, is expected to start production R1T Pickup Truck This year. The electric R2T SUV will also start production in 2021.
Since the beginning of 2019, Rivian has raised $10.5 billion.Recently, the car manufacturer raised $2.5 billion In July, under the leadership of supporter Amazon, Ford, with T. Luo Price.
Amazon has hired Rivian to produce 100,000 electric delivery vehicles September 2019. Earlier this month, these trucks started testing in San Francisco and Los Angeles. NBC Finance Channel Said.
The report also indicated that Rivian plans to build a second assembly plant outside of Normal, Illinois. Reuters said that Rivian is negotiating to invest at least $5 billion in a new car factory near Fort Worth, Texas.
Photo: Getty Images North America/David Becker
