15
Nov
16:54
Rivian snags $12 billion in IPO
Amazon-backed Rivian has completed its initial public offering, raising nearly $12 billion, Kallanish reports.
Rivian upped its per-share offering price at least twice before the IPO, ultimately settling on $78/share for 153 million shares.
Rivian’s take-home from the IPO was the largest since Facebook’s net of $16 billion in 2012.
The company’s valuation is now estimated to be north of $100 billion.
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