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2021-05-31
Tesla
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Tesla Rival Rivian Selects Underwriters For IPO, Could Seek $70B Valuation
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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Rival Rivian Selects Underwriters For IPO, Could Seek $70B Valuation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-31 11:35 GMT+8 <a href=https://www.benzinga.com/news/21/05/21351615/tesla-rival-rivian-selects-underwriters-for-ipo-could-seek-70b-valuation><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon.com, Inc AMZN 0.22%-backed Rivian Automotive Inc has selected underwriters for an initial public offering, Bloomberg reports.\nWhat Happened:The California-based automaker Rivian Automotive Inc,...</p>\n\n<a href=\"https://www.benzinga.com/news/21/05/21351615/tesla-rival-rivian-selects-underwriters-for-ipo-could-seek-70b-valuation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/news/21/05/21351615/tesla-rival-rivian-selects-underwriters-for-ipo-could-seek-70b-valuation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134530181","content_text":"Amazon.com, Inc AMZN 0.22%-backed Rivian Automotive Inc has selected underwriters for an initial public offering, Bloomberg reports.\nWhat Happened:The California-based automaker Rivian Automotive Inc, which is also backed by Ford Motor CompanyF 2.42%, could seek a valuation of about $70 billion when it goes public, people familiar with the matter told Bloomberg.\nRivian is reportedly working with advisers including Goldman Sachs Group Inc. GS 0.15%, JPMorgan Chase & Co. JPM 0.01%and Morgan Stanley MS 0.62%.\nAccording to Bloomberg's sources, no final decision has been made, and the details of its potential listing could change.\nWhy It Matters: Tesla IncTSLA 0.89%rival Rivian was worth $27.6 billion in January when it raised $2.65 billion from T Rowe Price Group Inc.TROW 0.6%, Amazon and Fidelity Investments.\nThe company aims to produce tens of thousands of vehicles at its Illinois plant over the next year.\nIn the recent past, the company has reportedly experienced delays in receiving parts due to backlogs at U.S. ports.\nMultiple EV companies have gone public of late through mergers with special purpose acquisition companies.\nIn February, the fuel cell truck startup Hyzon Motors announced a merger with Decarbonization Plus Acquisition CorporationDCRB 0.1%.\nLast year, Nikola Corporation NKLA 3.42%merged with VectoIQ in a SPAC deal that raised more than $700 million.\nCalifornia-based Lucid Motors is rumored to be exploring a merger with Churchill Capital Corp IV CCIV 0.8%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":666,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["TSLA"],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":11,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/110890875"}
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