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Electric truck maker Rivianu2019s value at $ 53 billion after IPO. $5 billion worth of stocks to be picked up by a clutch of investors, including Amazon.
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Electric Truck Maker Rivian to Raise $8.4 Billion in its IPO Amazon Inc backed electric truck maker Rivian to raise $8.4 billion in its IPO, giving the company a market capitalization of $53 billion. Rivian plans to offer 135 million shares priced in the range of $57 -$62 each to the public, according to details in its filing with the U.S. Securities and Exchange Commission. As per Bloomberg news, after accounting for the employee stock options and restricted stocks, the fully diluted value of the company would be close to $60 billion. This is in comparison to the company’s valuation of $27.6 billion after receiving a $2.65 billion round of funding in January this year.
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